Essex Cafe/Deli/Catering
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $115,000 |
$287,000 |
$35,476 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Inventory Value:
$3,000 ( not included in the asking price)
Business Summary:
Plenty of activity in this building in downtown Newark. Surrounded by towering office buildings. Arena and transportation centers similar to corporate cafeteria except run by private owner. Closed Saturdays and Sundays. Has neither lottery nor sells cigarettes – both would be huge sellers here. 95% cash 25% delivery – if 2nd delivery man were added to payroll business would jump overnight. Busy break fast and lunch menu consist of bagels/sandwiches, wraps, hot meals to order and salads. Has accessibility as main caterer to a 400 seat function room located on top floor of building. This facility if opened earlier and stay opened later would do more business. Located near New Prudential Center the major attraction in Newark.
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| Year
Business was Established: 1999 |
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| Number of Employees:
4 |
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| Facilities / Terms of Lease:
Beautifully maintained facility with newer equipment in top shape. 2.077 sq. ft. (Large kitchen) with over 10 year lease – gas and water included in rents. |
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| Potential
Growth/Expansion:
Opening more hours as past owner did. Within building there is a 400 seat function room where operator of this business can be main caterer. Advertising to surrounding office workers to allow them to know about this facility can only bring in more business. Getting lottery and selling cigarettes are key. |
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| Competition:
At present location very little competition for activity in area, one block away from New Prudential Arena, surrounded by legal offices. |
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| Owner
willing to finance:
Owner wants to sell and would give favorable terms to buyer |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Too much of a commute/owner does not like business. |
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| REQUEST MORE INFO |
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