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High Volume NYC Deli For Sale

18/wk
New York County, New York, United States
Photos Website Map
Asking Price$275,000
Revenue$1,400,000 Established1966
Cash Flow$170,000 Employees12 full-time
FF&E$150,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
High volume quality Deli Café located in downtown Manhattan with a huge walk in customer base. This highly successful restaurant has a yearly gross income of $1,400,000 and a consistent net yearly income to the owner operator. This café offers a basic food menu, which represents a solid mark up to the restaurant. The owner is preparing to semi retire after many successful years in this food service industry. Their customers are guaranteed an enjoyable eating experience with fresh, healthy, and quality foods! The company always strives towards excellence, their customer service is second to none and they also extend that into their online ordering service. Their customers are confident knowing that when an order is placed online, it will be given the same prompt attention as if it was called in or as an in-person request. Their customers are also guaranteed a quality, healthy eating experience without the use of chemical additives or preservatives. Food is their passion, and they believe it's a privilege to meet and serve New Yorkers every day. They also offer catering for meetings, parties with quality foods and excellent service. They cater for Holiday Parties, conventions or for any occasions. This company has approximately twelve full & part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll is estimated at $30,000. The business has an assignable commercial lease which expires 2023-01-01, with a monthly rent of $20,000, all in, cost per square foot is estimated at $106.00 and rent security of approximately $40,000. The business is in a free stranding commercial facility, on an active county avenue, consists of approximately 2,255 square feet and has an estimated capacity for forty-five customers. The business fixed assets has an estimated value of approximately $150,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial restaurant cafe, which includes kitchen, refrigeration & freezer units, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This commercial area is limited to private and municipal parking. This successful café restaurant business operation is active seven days per week, with hours from 6:30 am to 8:00 pm. The sale includes all required documentation including a certificate of occupancy and food licenses from the municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid and consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This business is in downtown Manhattan, New York on a major commercial avenue with thousands of daily walk by customers. This successful business which consist of 2,255 square feet has a clean and attractive appearance. The business has a full basement which is use for food preparation and storage.
Competition:Competitors presently exist in the industry and general area, however to the best of our knowledge, due to various circumstances, no other new or additional competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement for this transaction.
Growth Potential:The business presently has a limited marketing plan, basic web site and if improved with onsite ownership, can further develop the business yearly gross sales.
Training/Support:The seller / owner will remain post-closing for thirty days to supply an appropriate transitional period to the purchaser.
Seller Financing:Conditionally approved to a qualified buyer.
Sale Reason:The seller owns multiple café / restaurants.
Ad #97344
Seller Reference #DELI256
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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