Business For Sale

“Landmark” Italian Deli in a Busy Area!

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
$149,000 $194,679

Food & Beverage: Restaurants, Fast Food, Deli


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RE: “Landmark” Italian Deli in a Busy Area! Broker: Seth Kain

Quick Facts

Asking Price: $149,000
Annual Revenue: $194,679
Net Profit: Not Disclosed
Cash Flow: $59,121
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 75
Employees: Not Disclosed
BBN Listing #: 35282979
Broker Reference #: 6200SK

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Business Overview:

75 year old Italian Deli, catering company & specialty foods “landmark” with Newark roots. Located on a heavily-traveled main street in center of town. Plenty of free parking in municipal lot behind store. Run by a 3rd generation husband & wife team who are looking to retire. Built a loyal customer base over 50 years in Scotch Plains selling well-known “rectangular” raviolis, fresh mozzarella, Stromboli, heat-and-serve dinners, & other Italian specialties/imported goods. FURNITURE, FIXTURES & EQUIPMENT valued @ $50,000 minimum included. New owner could increase the stores’ hours being open 6 or 7 days each week. Reasonable rent including a basement for storage. Contact Seth Kain @ 201-317- 4710 for additional details & showing.

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Property Features and Assets:

1,207 square feet space with a basement around half its size. All Furniture, Fixtures, & Equipment in a very good condition. There’s plenty of free municipal lot parking directly behind the store. Owners have been paying very reasonable rent so they’re presently leasing on a month to month basis. A new qualified tenant can get a better lease situation.

Market Competition and Expansion:

There are two other Italian deli’s in the same town. One of them has a less variety of products. Each of the 3 have had their own very loyal customers over many years. So it’s all “friendly” competition. A new owner could very well be opened 6 or 7 days each week. It could remain as is during some of the more frigid winter months. It’d be a plus to deliver to local residents within a certain radius. Especially to their loyal elderly customers who have frequented the store for many years.

Reason for Selling:

The two working owners are planning to retire.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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