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Well-Known Deli and Grocery For Sale

6/wk
Union County, New Jersey, United States
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Asking Price$60,000
Revenue$350,000 EstablishedUndisclosed
Cash Flow$70,000 Employees1 full, 1 part
FF&E$30,000 FranchiseNo
Inventory$17,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Good, Better, Best generally describes getting the most for your money. When there are so many similar businesses to choose from it often comes down to 'Bang for the Buck'; that is, get the most earnings you can for the least amount of money. If so, 'Best' certainly describes this business. The annual cash flow is $70,000 and it may well be that but his annual grocery sales are $350,000 and 20% net cash would be ordinary for that level of sales particularly in a poorer community where margins are typically higher. Plus, he makes sandwiches which carry a higher margin and he does $21,000 net in lottery sales. There may be some hidden profits here. In this case, discovery may prove exciting. I leave that to you. Also, the seller's cash flow is based on shortened hours; he now closes very early on Saturday and he cut out Sunday entirely. 90 hours per week were shortened to 70 in doing so. The owner wants out; he is anxious to retire and move to a warmer climate and to be near his Texas family. Please contact the broker at 1-877-735-5224.
Training/Support:The seller will train the new owner.
Seller Financing:20,000.00 Down & Terms to be determined over 3 years
Sale Reason:Seller would like to retire.
Ad #90844
Seller Reference #29248
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Contact This Seller
Gerald Nimberg
1-877-735-5224
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