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Business For Sale
DELI - BREAKFAST & LUNCH
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Asking Price: |
$64,900
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Wants to do something different with fewer hours. |
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Year Established:
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1998 |
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# of Employees:
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3 |
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Yearly Cash Flow:
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$53,000 |
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Yearly Gross Income:
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$156,000 |
Business for Sale Overview:
This business is On Deposit. Someone is in the process of Buying it.
You can put a Back-Up Offer on it which would mean should this Buyer not be able to complete the transaction you would be the next in line to buy it.
Call me if you would like to visit the business.
Serves breakfast, lunch and does catering. This 700 sq. ft. Deli is located just before an entrance to I-84 - perfect for commuter’s coffee and morning breakfast. Features soup and over 24 different sandwiches on the menu. For its customers not in a rush - there's 17 seats. Convenient parking in front and alongside the building. Owner bought the business last March - but now wants to do something else with fewer hours. He asked me if selling so soon would be a problem - I said absolutely not - there are a lot of people who would love to own this business........here's your chance. Owner financing too!
Property Features and Assets:
The store is open Monday thru Friday 6:30 to 2:00, Saturday 7:00 to 2:00 and closed Sundays. I don't have a lot of information - but will attempt to estimate some of the expenses in this type of business: need 1 full time deli helper/cook and a part time cashier and delivery person besides the owner. My guess is that you can do somewhere between $3,000 - $4,000 per week and should gross about 70% on this volume. Rent, if you can believe it is only $610/month. The schedule attached to this flyer is an estimate for the other expenses you will probably have for this type of operation - remember you have to check all this stuff yourself - if you can't - get someone to help you. Owner's cash flow at this volume estimate should be around $50,000 - but run your own numbers!
Market Competition and Expansion:
The store is +/- 700 sq. ft. It is located on a main road in Brookfield, CT. Rent is $610/month - gross. A new lease will need to be negotiated with the landlord and any offer made for this business will have this as a contingency. Within 7 miles there are over 134,000 people and 47,000 households. Close by are industrial, commercial and retail businesses. More than 10,000 cars pass this business every weekday. Owner might finance a qualified Buyer with 50% down over 3 years @ 10% interest.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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