Asset Sale! Growing Deli in Nice Safe Town!

Not Disclosed, NJ
Passaic County

Asking Price: Annual Revenue:
$69,000 Not Disclosed

Food & Beverage: Catering, Food Preparation

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RE: Asset Sale! Growing Deli in Nice Safe Town! Broker: Seth Kain

Quick Facts

Asking Price: $69,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 4 months
Employees: 2
BBN Listing #: 47602979
Broker Reference #: 6194SK

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Business Overview:

ASSET SALE! Nicely-renovated Deli with a luncheonette flair in a modern strip mall. Plenty of parking. There’s no direct competition for at least 2 miles. Sole owner has his own business (self-employed) & can’t devote the time to build up this deli. An owner-operator can take it to a considerably higher level. FURNITURE, FIXTURES, & EQUIPMENT of $40,000 & a minimum of $3,000 in Inventory is included in sale. Average weekly gross sales are approx. $1,800 with COGS of approx. $450 which includes an extensive catering menu. Lottery machine is coming soon. Base rent $2,300, CAM & Taxes $805 = $3,105 per month plus water. New qualified tenant can get a lease assignment & possibly another 5 year option. Contact Seth for additional details & showing.

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Property Features and Assets:

1,616 square feet. All Furniture, Fixtures, & Equipment are in very good condition & are included in the sale. There’s plenty of free strip mall parking in this more modern plaza. Owner received a brand new (5) year lease with a (5) year option. A new tenant has a good chance to get a 2nd (5) year option based on credit worthiness.

Market Competition and Expansion:

There’s no direct area competition for at least 2 miles. The deli in that location doesn’t offer as many hot food & catering items & has much less seating. The Owner is now awaiting getting a lottery machine, which will increase his cash flow. He plans to expand his deli menu, while also bringing in more grocery-type items.

Reason for Selling:

The Owner has his own business (self-employed).

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.

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