Deli Luncheonette W / Lotto – 1 Mile From Ocean
Location: United States -> New Jersey -> Ocean County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
A very successful Deli luncheonette business located just one mile from the Jersey Shore in Ocean County, New Jersey. This business is well known in the community and has provided 44 years of outstanding service to its customers. This Deli specializes in Breakfast, Lunch, Sandwiches, Homemade Soups and more. The business also has a Lotto service which brings in additional income. The present owner is absentee and will finance the sale to a qualified buyer with a moderate down payment. This is a solid opportunity that offers a consistent income to any new owner. Please call for further details. Facility consists of a free standing building and 1,600 square feet with an indoor seating capacity for 20 customers. Additional outdoor seating is also available. An existing nine year lease with additional options for is available for transfer. Private parking spaces for fifteen vehicles is included.
Financials
Asking Price Range: < $250K
Gross Revenues: $450,000
Cash Flow: $90,000
Cash Flow Type: EBITDA
Inventory: 110000 Equipment & 5500 Inventory
Seller Financing: Yes
About The Business
Year Established: 1964
Number of Employees: 6 – 9
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Lease
About The Sale
Management Training and Support: Seller will provide a full due diligence and transitional period.
Reason For Selling: Absentee ownership due to an alternative business
