Established 50 Years Italian Deli & Gourmet Market
Not Disclosed, NJ Essex County
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- RE: Established 50 Years Italian Deli & Gourmet Market
- Contact: Tom Cerniello
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $100,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 4 | |
| BBN Listing #: | 1002251 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Business Description
Gross Revenue: $500,000
Cash Flow: $100,000
Inventory: Included
Established: 1975
Employees: 4
Reason for Selling: Retirement
Business Description
This is a beloved Italian deli and gourmet market located in the heart of Essex County, New Jersey. With over 50 years of operation, this family-owned business has built a loyal customer base by offering authentic imported Italian specialties, fresh daily-made mozzarella, a wide variety of premium meat products, and an extensive selection of Italian imports including pasta, cheeses, olive oils, cookies, chocolates, torrone, beverages, and housewares. The store serves delicious lunch options such as sandwiches, provides full catering services for events, and creates custom gift baskets for any occasion. Known for its high-quality products at affordable prices, Emphasizes freshness and authenticity, with special meat products available for advance orders and holiday specialties offered year-round. This turnkey opportunity includes a prime location with strong community ties and consistent revenue from both retail and catering streams.
Key Highlights
• Proven Track Record: Operating successfully for 50 years with annual gross revenue of approximately $500,000 and cash flow of about $100,000.
• Diverse Offerings: Wide range of imported Italian foods, fresh in-house mozzarella, premium meats, lunch sandwiches, catering menus, and custom gift baskets.
• Loyal Customer Base: Established reputation in Essex County for authentic Italian products and excellent service, drawing repeat business from locals and surrounding areas.
• All-Inclusive Sale: Purchase includes all equipment, inventory, and goodwill; seller-owned building with a new 10-year lease available.
• Prime Location: Situated in a bustling business district with high foot traffic and easy access; operating hours Mon-Sat 8:30 AM to 6:00 PM (closed Sundays).
• Turnkey Operation: Fully equipped and ready for a new owner to step in and continue the legacy.
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Property Features and Assets:
The business occupies a well-maintained retail space in a vibrant business district. The facility includes display cases for meats and cheeses, shelving for imported goods, preparation areas for fresh mozzarella and sandwiches, and storage for inventory. All equipment—such as refrigerators, slicers, ovens, and display units—is included in the sale price and is in good working condition. The seller, who owns the building, is offering a favorable new 10-year lease to the buyer, providing long-term stability.
Market Competition and Expansion:
Competition:
Essex County area host several delis and Italian markets. However, this business differentiates itself through its 50-year history, exclusive focus on authentic Italian imports, in-house fresh mozzarella production, and comprehensive catering and custom basket services. This unique combination fosters strong customer loyalty and positions the business as a go-to destination for premium, affordable Italian specialties.
Growth & Expansion:
Significant opportunities exist to expand this already profitable business. Potential strategies include: • Online Presence: Develop an e-commerce platform to sell Italian imports and gift baskets nationwide, tapping into the growing demand for specialty foods. • Catering Expansion: Increase marketing for catering services to target corporate events, weddings, and local schools, potentially boosting revenue by 20-30%. • Product Diversification: Introduce new lines such as ready-to-eat meals, organic options.
Reason for Selling:
RETIRING. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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