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Established Convenient Deli with Good Growth

Passaic County, New Jersey

Asking Price: Gross: Cash Flow:
$69,000 $145,600 $44,512

Furniture and Fixtures Value:
$6,000 (included in the asking price)

Inventory Value:
$4,000 (included in the asking price)

Business Summary:
Old established neighborhood convenience deli, grocery and catering business next to elementary school. Has good growth potential by adding lottery, expanding catering, stock more merchandise, and offer more hands-on management because current owner is distracted by serious family issues.

 
   
   
Year Business was Established: 1960
   
Facilities / Terms of Lease: 1500 sf plus basement, low rent, 2 1/2 years and can get an extension, neighborhood location, street parking, equipment in good condition.  
   
Potential Growth/Expansion: Install lottery, stock more merchandise, expand catering, more hands-on operator because current owner is distracted by serious family problems.  
   
Competition: None near by  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Retiring  
 

 

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