High Volume Deli + Catering Business
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $565,000 |
$1,435,950 |
$331,590 |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Inventory Value:
$30,000 (included in the asking price)
Business Summary:
Well established, high volume corner deli & butcher store with a successful catering business, located in a high traffic neighborhood. This is a turn key operation supported with an attractive informational website, two delivery vans, experienced staff, lottery machine, and a newly installed point of sale system and 17 camera security systems. Has a large kitchen and basement with 5 walk in refrigerators.
Business breakdown is 30% catering, 20% butcher and 50% deli. Catering accounts include Pharmaceutical Companies, Hospitals, and other local businesses and consumers. Owner is highly motivated to sell and all reasonable offers will be considered. All financials can be substantiated.
Deli is offered at $575,000 with a down payment of $350,000 with the seller financing a note for $215,000 at 6% interest over 7 years. Price includes $125,000 in equipment. This is a great opportunity to own a very successful business that will return your initial investment in less than 15 months. For further information, please contact 908-851-9040 Ext. 277.
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| Year
Business was Established: 1982 |
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| Number of Employees:
10FT/10PT |
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| Facilities / Terms of Lease:
3,000 sq. ft. store with 3,000 sq. ft. basement; street parking; fixtures and equipment in good condition, 9 year lease. |
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| Potential
Growth/Expansion:
Increase marketing for corporate catering |
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| Competition:
Limited competition with same business longevity |
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| Owner
willing to finance:
6% over 7 years |
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| Owner
willing to train:
Two weeks training |
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| Reason for selling:
Owner returning to previous corporate industry |
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| REQUEST MORE INFO |
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