Owner Financing is Available!
Business Overview:
Thirty year old Deli Convenience Store Lunch business with lotto located in a modern mall and commercial area of northern Passaic County, New Jersey. This one of a kind Deli is known for its distinct design, style and quality service. The business is located in a high traffic commercial mall with numerous other businesses. The business has an indoor seating capacity for 24 customers with lots of private parking. The kitchen is fully equipped and capable of a high volume production. The business production represents 40% C-Store, Lotto and 60% in Deli (luncheonette) sales. The business equipment consists of a walk up counter, a modern fully equipped commercial kitchen, a full prep area, walk-in refrigerators, phone system, etc. The business square footage is 1,900 on one main floor with an indoor seating capacity for 25 customers. Private parking for 45 vehicles is available and included in the lease. The business is active 7days per week and hours of 5:00 am to 6:00 pm. The business has a municipal food handler s license. An existing 10 year lease expiring on 2018 plus an additional option for continuation is available for transfer and monthly rent $3,500. The business has three employees who are expected to remain post closing. The owner wishes to retire after many successful years in this industry and has priced the business below market value and also offers seller financing to a
qualified purchaser.
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:
The facility consists of a total of 1,900 square feet with private parking for 45 vehicles. The facility is clean modern with an attractive image and capable of high volume sales. The business is located in a commercial area of Passaic County NJ with various other businesses. This area has very limited competition with a high volume of drive by shoppers and daily workers who use this service.
Market Competition and Expansion:
No other lunch deli businesses are in this area and seller will supply a long term non compete agreement to the purchaser. With a marketing plan and offering off premise catering growth is possible.
Reason for Selling:
Retiring after many successful years.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: