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#Business ID: 20276

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Deli Business & Assets

Business Location: New Jersey, United States

Asking Price: $ 225,000 Revenue: $ 1,030,615 Cash Flow: not disclosed

Business Summary

Great opportunity for a qualified experienced operator to own a one year old pizza/ deli with all new equipment and fixtures, totally financed by the seller with no money down other than the first six months rent prepaid. The interior has an upscale Italian decor constructed with the best materials and equipment. Business is owned by a real estate company and run completely absentee, lacking the expertise to take advantage of the additional revenue opportunity in the surrounding community. Already in operation with a growing pizza business, this deli needs a working chef/ owner to focus on the customer needs and professionally manage the costs and inventory. Seller is offering a ten year lease (no CAM for first 6 months) which at the end, transfers ownership of all assets to the tenant. Monthly payments include rent, real estate taxes, and purchase of assets with NO increases for the entire 10 yr period. Seller is very motivated, looking for experienced operators only. Financials based on actual 12 month revenues with projected expenses for owner operator. Business is being sold as a sublease with no down payment for the business and seller financing spread over a 10yr lease with first six months prepaid.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a homebased business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

1 year

Property Type:

Lease

FF&E:

$ 350,000

Other Business Details

Premise Details:

Great opportunity for an experienced operator to own a fantastic one year old upscale Italian Deli and Meat Market with all new top quality equipment and fixtures, totally financed by the seller with only a $30,000 down payment. Store was completely renovated (main floor and full basement) before opening in Nov, 2011, designed for a multi million dollar operation. Equipped with 2 walk in freezers, display cases, 2 deep freezers, redesigned kitchen, 6 burner range, office space, staff locker rooms, POS system, roof HVAC and more, totaling $750,000 with build out. The business generated revenue of $1,000,000 but inexperienced owners were unable to control costs resulting in losses. Profits are attainable through managing costs and inventory. Seller looking for experienced operators only. Seller note terms negotiable. Actual results available.

Business Operation Details

Support & Training:

The owner is not willing to train/ assist the new owner.

Miscellaneous Details

Reason For Selling:

Owners have other business interests.

Contact this seller

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