Very Profitable Deli/C-Store in High Traffic Area

Bergen County, New Jersey

Business Summary: Nicely-renovated Deli/Hot Food/C-store in a high-traffic, very safe area. Several nearby schools & churches drive many customers to this section of town. Many area residents have frequented the store going back 40-50 years as it’s always been a deli. Plenty of parking - private lot on the side of the building along with several spots out front. Sole owner runs the store & is looking to retire as he’s been in this business for over 30 years. OTHER EXPENSES: Security Service $440, Pest Control $300, Grease Trap $240, Grill Cleaning $200, & Office Supplies $160 = $1,340. OTHER INCOME: Lottery $37,500 & ATM $6,000 = $43,500. New qualified tenant can get the same great lease situation. Contact Seth Kain @ 201-317-4710 for additional details.
Year Business was Established: 52
Number of Employees: 2
Facilities / Terms of Lease: 1,200 square fee including a basement of approximately 1,050 square feet. Private parking lot on the side of this free-standing building. Several spots right out front. "All" Furniture, Fixtures & Equipment valued +/- $75,000 are in very good or new condition included in sale. The present owner has 9 1/2 left on a 10-year lease with 5 option years. New qualified tenant can get a full (15) years through the existing landlord.
Potential Growth/Expansion: There's presently one table our front, but room for at least one maybe two more. Putting these tables would be a plus for people wanting to eat immediately during the warmer times of the year. Some local advertising would be a plus letting potential customers know the deli now offers Uber Eats delivery service.
Competition: There's a 7-11 a few blocks away. Though, the customers of this listed business are very loyal, many of them go back for many years through other previous owners. It's a very tight-knit community with many customers from nearby schools & churches. There's traffic court taking place on Thursdays bringing in a much higher volume of weekday customers on that day.
Owner willing to finance: Owner is willing to finance up to roughly 15% of a deal. All terms are negotiable.
Owner willing to train: A minimum of (2) weeks at no cost to the buyer.
Reason for selling: The sole owner plans to retire after 30+ years in the business.