Owner Financing is Available
Business Overview:
This Deli is in “Like New Condition” and is located in the heart of one of Brooklyn’s “Busiest” Business and Shopping Areas. There also will be a "New Nets Stadium" for 18,000 people to be built just 1-block from this Deli's location. Construction for the Stadium is scheduled to start around January of 2010. This Deli is currently operated “Totally Absentee.” If you manage the store yourself, you should easily net over $180,000 per year (the current cash flow is $135,000 with absentee ownership). The Seller will finance to an experienced buyer with 60% down (only experienced buyers need apply). The Landlord will give a “New 10-year Lease with a 5-year option to the right buyer. The Seller has done virtually “No Advertising,” so there is plenty of room for growth. Great Location.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Strategically Located” just minutes away from the Brooklyn Bridge and just blocks away from the Fulton Mall, Brooklyn Hospital, Atlantic Terminal and 4-Universities & Schools. There are also “Two New” 400-unit Condo Projects being built within 2-3 blocks of the Deli’s location; many of the units have already been sold.
Market Competition and Expansion:
This Deli has Unlimited Potential, the seller has not done any advertising and operates it absentee.
Reason for Selling:
Seller is too busy with his other properties
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.