Owner Financing is Available!
Business Overview:
Twenty five year old, high volume Deli and Food market in a wonderful urban area of Essex County, New Jersey. The business consistently produces 60% Breakfast & Lunch Deli, 20% Catering 10% C Store and 10% meats. This well known successful business offers a full menu of products including breakfast, lunch specials, catering, fresh meats, poultry and much more. The business has a 2011 gross income of $1,159,000 and can evidence a yearly net income of $160,000. The sale includes a long term lease agreement at a moderate rent cost to the new operator. The business facility is 3,800 square feet with a clean modern image. The business has ten full & part time employees who are expected to remain with the business after the sale. This food market is very well known in the industry for its excellent
product and stellar service. The sale includes walk in and various refrigeration units, full kitchen, numerous displays, counters, large prep area, POS computer system and phone system, etc. The building has a legal capacity for 108 customers, 3,800 square feet, full basement. The area has adequate municipal parking conveniently located at this business. The business is active seven days weekly with hours from 6:30 am to 6:00 pm. The business has a municipal food handler s license to serve food to the general public. The sale includes a long term fifteen year lease agreement with a yearly rent of $51,600 The business can be further developed with an improved marketing plan specifically for additional catering. The owner will offer financing with an appropriate down payment to a qualified buyer. This is a solid opportunity with a substantial net income.
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.
Market Competition and Expansion:
No other similar Deli food markets competitors exist in this particular area and seller will supply a non compete agreement to the purchaser.
Reason for Selling:
Relocating out of the area after many years
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.
Resources: