Successful Deli

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$250,000 $555,823

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Successful Deli Broker: Ron Cervelli

Quick Facts

Asking Price: $250,000
Annual Revenue: $555,823
Net Profit: Not Disclosed
Cash Flow: $91,648
Total Debt: Not Disclosed
FF&E: $165,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 8
BBN Listing #: 28103909
Broker Reference #: DELI279

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Business Overview:

Wonderful location for this highly successful well-known deli/luncheonette, which offers a wide variety of popular traditional foods to its many satisfied customers. This six-day operation can be further developed with an improved marketing plan and delivery service. The deli has a solid gross yearly income of $555,823, plus discretionary income and a consistent net yearly income to the operator. The business produces 30% catering and 70% of the business is produced during the lunch period. This deli is known for its delicious, fast, and affordable foods which is guaranteed to satisfy their many customers breakfast, lunch, and dinner cravings. They offer healthy, fresh Italian cuisine and only the freshest products and finest ingredients. This is a long time, family owned and operated business. This company has eight full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $9,100. The business has an assignable commercial lease which expires 7/21/2020 plus additional options, with a monthly rent of $3,150, cost per square foot is estimated at $34.67 and rent security of approximately $5,000. The business also offers a selection of catering and online ordering and delivery to their customers home or office. The business has been valued / priced at $250,000 based on a multiple of the net yearly income which includes the value of the specific business assets. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

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Property Features and Assets:

This deli opportunity is in Northern New Jersey, Morris County, Morristown, which consists of a highly populated affluent community and has a substantial number of companies including the County courthouse, and a major state hospital with thousands of potential customers. This retail facility which consist of approximately 1,090 square feet has a seating capacity for twenty customers, with no basement. It also has a clean and modern appearance and this deli caterer is located on an active commercial avenue with many other successful businesses.

Market Competition and Expansion:

The business is in a highly active and populated city with many retail food businesses, however, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business presently has a limited marketing plan, basic local advertising, non-optimized web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

Owner has alternative business out of the area.

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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