High Volume Deli

Location: United States -> New Jersey -> Bergen County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Businesses for sale Summary

This Deli & Cafe has a large variety of delicious cold cuts and lunch specials. The business has been established for over 20 years and has a high gross income of $650,000. The current owner is moving out of the country and needs to sell as soon as possible. Please call for any further questions. This facility conists of 2,800 square feet and has a seating capacity for 60 customers. There are over 100 parking spaces available for the store. There is an existing two year lease with a five year option that can be transferred to the new owner. The monthly rent is $5,600 and has a 3% increase per year.

Financials

Asking Price Range: < $250K
Gross Revenues: $650,000
Cash Flow: $110,000
Cash Flow Type: EBITDA
Inventory: 150000 Equipment Only
Seller Financing: Yes

About The Business

Year Established: 1986
Number of Employees: 6 – 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: The owner will provide a full due diligence period for the new operator
Reason For Selling: Other Business