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Premium Deli/Specialty Shop

Morris County, New Jersey

Asking Price: Gross: Cash Flow:
$140,000 $357,800 $126,512

Furniture and Fixtures Value:
$125,000 (included in the asking price)

Inventory Value:
$8,000 ( not included in the asking price)

Business Summary:
Very attractive free standing building at corner intersection of well traveled highway in Morris County. Establishment has great reputation for it quality Italian food menu and selection. Does complete outside catering and delivery (minimum dollar amount) even with recession business still manages to hold onto its regular repeat business. Interior of spacious store has plenty of show counters, refrigerators and dry goods shelving. Kitchen is well equipped and can easily put out food for large catering jobs. At present, with its great reputation, does a great deal of pharmaceutical rep business for doctors and dentists. This is a growing area although business is down slightly down at present, deli with it’s great food and quality reputation, when better times come about so will its over whelming customer count come back. The proper concept is here, however if owner were to stay pizza (has room for ovens) should be added to its menu variety. Lottery would be instant plus here. Interior of store has room for any operator with innovative ideas. For further information, please contact 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 2005
   
Number of Employees: 4  
   
Facilities / Terms of Lease: Beautiful free standing building with parking on major Morris County highway. Great long lease newer equipment – plenty of showcases and refrigeration/freezers.  
   
Potential Growth/Expansion: Advertising – adding pizza to menu – any new owner – has to put heavy emphasis on. Food reputation that establishment now has.  
   
Competition: Area could use more places with very little impact on business.  
   
Owner willing to finance: Owner would finance $85,000 to buyer with term to be negotiated.  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Owner moving to shore area  
 

 

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