Description

Owner retiring for this highly successful well-known Deli / Catering business offering a full menu of products and a complete line of food products. This is a wonderful twenty-five-year-old food mart deli business with limited hours from 9:00 am to 6:00 pm and offers breakfast, lunch and a full menu of hot food products including hot sandwiches, soups, and fresh meats and catering. The business has a gross income for 2015 of $$1,010,903 and yearly net income of $173,000. This facility is clean, attractive and very well maintained. The seller will remain post closing for a full transitional period and will supply owner financing to a qualified purchaser. Based on the asking price, required down payment and net income this business will supply a 30% return to the owner operator prior to debt service. The sale includes a fully turnkey food mart deli including various refrigeration units, multiple walk in boxes, POS system, a full commercial kitchen and a large array of equipment required for this particular food service industry. The facility has a capacity for 24 customers, 1,800 square feet, one floor, no basement. The facility has substantial private parking on site and part of the lease agreement. The business requires a consistent inventory amount of approximately $20,000. The business is operational seven days per week with hours from 10:00 am to 6:00 pm. The sale includes a municipal Certificate of Occupancy for this particular location and a food license to supply the products. The new owner will obtain a 15-year commercial lease expires 01/01/2030 with a monthly rent of $5,000 and rent security of $5,000. The present business has six experienced employees, unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $12,000. The seller has priced the business aggressively at fair market value, with owner financing, this is an excellent opportunity to own a highly successful long standing deli mart business. The business 2015 gross income is $1,010,903 and a yearly net income of $173,000. The business has been valued at $425,000 based on the multiple of the cash flow plus the value of the assets, and financing is available to a qualified buyer, Term 20 years, 5-year balloon, 6% interest. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Aug 12, 2016

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