Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$395,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Seller is moving to London to be with his family
Year Established:	1988
# of Employees:	2 Full Time / 1 Part Time
Yearly Revenues:	$859,534
Yearly Cash Flow:	$281,534
Yearly Net Profit:	$281,187
Yearly Gross Income:	$859,534

Business for Sale Overview:

This high profit outstanding deli is located in the Historic Pike Place Market. It is nationally known for its gourmet sandwiches and salads, and it is arguably one of Seattle's best known Deli's. All the breads, salads, soups, and pastas are made fresh daily. The business occupies only 981 square feet, with seating for 5, and it is primarily a take out and catering type business. It was established in 1988 and has been growing ever since with daily revenues over $2,500. The business sells an average of 250 sandwiches per day and has 2-3 large catering's per week. The business has an outstanding staff that is trained in getting the food out quickly and effectively. The business has many rave reviews and customers from all over the world. This is a turnkey business with huge profits.

Property Features and Assets:

This high profit outstanding deli is located in the Historic Pike Place Market. Established since 1988 it is arguably the best known deli in Seattle. It occupies 981 square feet and seats 5. It is primarily a take out and catering deli. The Lease payments monthly are $4,833 per month total, including all fees. The Lease is renewable every 3 years by the PDA.

Market Competition and Expansion:

The Pike Place Market has many food related establishments, however, this deli has carved out a niche market serving large gourmet sandwiches and salads at a very reasonable price and providing gourmet catering for many of the large businesses in town. The business has an outstanding staff that is trained in getting the food out quickly and effectively. The business has many rave reviews and customers from all over the world. The business serves over 250 sandwiches per day and provides 2-3 catering per week.The business has been increasing its gross revenues every year and with the continuing boom of growth in downtown Seattle, both in office buildings and condominiums, the business is positioned to continue its current growth trends.

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.