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Italian Gourmet Market - Est. 1948

Suffolk County, New York

Asking Price: Gross: Cash Flow:
$159,000 $910,000 $78,000

Furniture and Fixtures Value:
$150,000 ( not included in the asking price)

Inventory Value:
$30,000 ( not included in the asking price)

Business Summary:
LISTING ID # 36041Italian Gourmet Market. Est. 1948! Price Reduced. This 2,500 sq. ft. store has it all. Family owned and operated, they are a landmark in the community. They offer a full line of Gourmet Italian Specialties, hot and cold foods and a butcher shop. Catering for any event from 5 to 500 guests and much, much more. In the past year gross sales have averaged $17,500/wk or apprx $910,000 for the year. An owner/manager would see a cash flow of approx. $78,000 or more. The current owner has moved on to bigger opportunities and no longer has time to be here. The landlord will offer a well-qualified buyer a 10 year lease (5 plus 5) with a rent of $6,000/mth. The store is 2,500 sf with a full 2,500 sf basement. It offers an immaculate, full-kitchen, including hood system. You can keep the current concept or bring in something entirely new. It would cost you over $300K to build a space like this today. We are seeking a serious and financially qualified buyer with at least $159K in liquid funds. Proof of funds will be requested prior to meeting with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or [email protected]. All site visits must be discreet.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-36041 for instant access to this business information.

 
   
   
Year Business was Established: 1948
   
Owner willing to finance: No  
   
Owner willing to train: Seller will train  
   
Reason for selling: Other business  
 

 

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