This well-known Retail Deli & Mini-Market provides quality meats, sandwiches, Italian specialties, grocery items, prepared foods and full catering services to the surrounding central NJ area. The firm enjoys significant operating margins, documented profitability and strong word of mouth referrals within a heavily populated residential and commercial community. This business currently operates from a fully equipped modern 5,000 SF retail store (with full kitchen).
The company enjoys a competitive advantage by consistently providing quality food choices, reliable catering and superlative customer service. Its unique selection and NJ Lottery outlet consistently draws consumers to the location. It is projected that a new owner will obtain additional growth by expanding marketing efforts (targeting more commercial clients and the prepared foods operation) with a minimal investment of $30k. The company projects a potential revenue growth rate under such premise of 10%+ per year.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 2.5x SDCF (ttm). A full valuation report by a national valuation firm is included in the prospectus. There is zero debt to be assumed and the deal includes $85k in current inventory plus over $250k in equipment/vehicles. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner-operator will obtain more than $210k benefit in after-acquisition-debt cash flow- over 80% ROI in Year #1 alone.
A comfortable six months transition period will be provided by the owner who truly wants to see the business continue to flourish. Flexible lease terms are available for the facility.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Asking Price $1,070,000
You May Also Like
48 Year Old Family Deli #409456 posted Jun 15, 2016
- Passaic County, New Jersey, United States
Thriving Italian deli/butcher since 1968. Current owner moving back into corporate world. Busy street, great neighborhood minutes from routes 46, 80 and 23. Generations of neighborhood customers as well as numerous walking and drive-bys. Current staff of 2 fabulous workers and owner. Professional website...
Traditional Deli Located in Croton on Hudson #455349 posted Oct 6, 2016
- Croton-on-Hudson, New York, United States
Traditional Deli located in Croton on Hudson. Owner has been there for 8 years. Menu items include Breakfast, Salads, Sandwiches, hot and cold specials. 2400 square feet includes large basement area and upper floor office. 3 full time staff who know how to cook all menu items. Best chicken cutlets in...
Profitable Deli with Strong Catering Business #454481 posted Sep 22, 2016
- Suffolk County, New York, United States
For more than 37 years, this very profitable Italian deli and meat business has been the area’s ‘go to’ destination for awesome sandwiches, quality meats, and top notch catering. They have built an outstanding reputation and a loyal customer base. The business occupies a 2100 sq. ft. free-standing...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.