Deli with Low Rent and Lots of Upside

Not Disclosed, NY
Queens County

Busy Corner in Queens

Asking Price: Annual Revenue:
$100,000 $416,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Deli with Low Rent and Lots of Upside Broker: Seller of Business

Quick Facts

Asking Price: $100,000
Annual Revenue: $416,000
Net Profit: Not Disclosed
Cash Flow: $69,600
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 306435273
Broker Reference #: 11735

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Business Overview:

Queens corner Deli needs a new owner. Store is only 2 years old doing $8,000 a week guaranteed selling only soda, deli, and tobacco products. For religious reasons, the owner does not sell Beer, Lotto, or use any Pork products. A new Buyer can add these things and the business will double or more! The rent for the store is way below market at $2,500 a month including all for the next 3 more years, then rent increases to $2,700 a month including all for the following 5 years. Located on a busy road in South Queens near Casino and JFK airport. The owner send over $100,000 just to build the store and add venting for grill and all the equipment and counters. With a cigarette license in place, the store is worth $100,000. This store will not last.

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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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