825 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Food Market & Lotto Nets $165k

18/wk
Bergen County, New Jersey, United States
Photos Website Map
Asking Price$325,000
Revenue$1,045,000 Established1972
Cash Flow$165,000 Employees5 full-time
FF&E$170,000* FranchiseNo
Inventory$20,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly profitable forty-year-old food market which has a gross yearly income of $1,045,000 and a net yearly income of $165,000. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business food offerings consist of all the favorite products including deli products which represent a substantial markup to the net yearly income. This industry requires government approval for purchaser due to the Lotto approval. This deli mart business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $13,500. This business opportunity has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,500, rent per square foot $27.00 and rent security $4,500. This commercial facility which consists of 2,000 square feet, 1,500 basements for storage and a capacity for approximately forty-five customers. The sale includes a fully equipped deli mart with an asset value of $170,000 based on replacement cost of equipment, including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private & municipal parking nearby to this the business. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. The sale includes Lotto approval, certificate of occupancy from the particular municipality and the required license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly income, this business expect to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service.
Competition:To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income.
Training/Support:The owner will remain post-closing for 30 days and supply a training period satisfactory to the purchaser.
Seller Financing:Available to a qualified buyer with appropriate down payment.
Sale Reason:The owner is relocating into an alternative larger business.
Ad #98486
Seller Reference #FMKT162
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
Name
Email Address
Message