Business For Sale

Great Deli in Busy Area - Illness Sale - 25002

Queens County, NY
Queens County


Asking Price: Annual Revenue:
$149,000 $503,226

Food & Beverage: Convenience Stores


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RE: Great Deli in Busy Area - Illness Sale - 25002 Broker: Melvin L. Vaz

Quick Facts

Asking Price: $149,000
Annual Revenue: $503,226
Net Profit: Not Disclosed
Cash Flow: $108,587
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 65014447
Broker Reference #: 25002

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Business Overview:

Great Deli in Busy Area - ILLNESS SALE. This is a spacious 3,000 square foot deli and grocery in a long commercial strip surrounded by high rise apartments and condos. The current owner is forced to sell as he must take care of his ailing mother. There is tremendous upside here. The space is under-utilized with room to bring in many more products, more hot food (there is a steam table and a great deal of shelving in the basement that was not yet installed). The site was approved to add a Subway Franchise. In fact there is a kitchen space with a hood system that has never been used (no grill, ovens, or walk-in currently). Despite all this the store grossed approx. $546,000.00 last year with Net Income of approx. $104,000.00. The seller is asking only $149K due to his mother's health. We are seeking a serious and financially qualified buyer with some energy and vision to build this place up. If you meet the criteria, contact broker today.

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Reason for Selling:

Personal

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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