Deli selling a little bit of everything…

Brookfield Center, CT
Fairfield County


Asking Price: Annual Revenue:
$139,900 $700,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Deli selling a little bit of everything… Broker: C. J. (Charlie) Vlahos
License #: 420

Quick Facts

Asking Price: $139,900
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: $129,750
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 4
BBN Listing #: 73522770
Broker Reference #: 420

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Business Overview:

This Deli has been here for +/- 16 years. The present Owner bought the Deli at the end of 2018 (4 years). It is run as a family business with 4 family members and 1 part-timer. The menu is huge. It has …” a little bit of everything…” This Deli is known for the many choices its customers have for breakfast, lunch, and early dinner. They follow the 3 principles of a great food establishment, religiously: Good Food, Good Prices, and Good Service (the 3 G’s).

The Deli has indoor seating with 4 tables (8 seats), and outdoor seating with 5 tables (20 seats). Sales this year are expected to be over $700,000 ($13,450/week)! They serve breakfast, lunch, and early dinner. You can eat inside or outside. They also deliver via the delivery services and they do catering.

Since opening the store they have been adding new customers every year. The covid years were a little bumpy but still showed a year over year increase in sales. In 2021 sales increased 31.8% over the prior year and 2022 looks like a 38.2% increase will be obtained. ($700,000). This is $13,500 per week.

Adjusted sales in 2019, 2020 & 2021 were: $334,328, 384,212, $506,409 and 2022’s pro-forma is estimated to be +/- $700,000
Cash Flows (Sellers Discretionary Earnings) for 2022 is estimated to be +/- $129,749.

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Property Features and Assets:

Being on Route 7, the neighbors are mostly commercial. As a matter of fact you can walk to over 70 retail stores including Costco, and over 100 offices including Brookfield Commons, and several medical offices. Next door there is even a condominium complex. Within 1 mile there are over 538 businesses with more than 5,250 employees and a residential population of 2,900 people and 873 housing units (more demographic info will be in our executive summary which we will send you after you fill out the Confidentiality Agreement & Questionnaire). The current Owner and family will stay working for the Buyer up to 4 weeks while a new crew is hired and trained (assuming wages are agreeable). The Buyer might be able to work at the Deli before the closing. What you can do to expand this business: open more days and hours. Advertise & promote the business. Start a direct mail campaign and get involved with social media.

Market Competition and Expansion:

The lease’s current term has 4.3 years remaining plus a 5-year option. Total 9.3 years. The current base rent is $1,930/month ($23,160/year) or $19.30 per square feet. The nets are CAM, RE Taxes, and Miscellaneous Expenses at $729/month ($8,743/year) or $7.29 per square feet. Total current rent is $2,659/month ($31,908/year) or $26.59 per square feet. Using the $700,000 proforma, rent is only 4.5% of sales. That’s pretty good! All equipment is included in the asking price. When your signed Confidentiality Agreement & Questionnaire is received you will be sent a complete list of the equipment included in the sale. All equipment will be in working order. Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, attached) or the location disclosed. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

Reason for Selling:

Moving out of country.

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.

Documents:

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