Corner Deli/Grocery Doing $440k! Rent Only $1650! 10 Year Lease!

Monmouth County, NJ
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Asking Price:$175,000
Gross Revenue:$440,000
Rent:$1,654
Established Year:2011
Cash Flow:$100,000
Inventory:$15,000
FF&E:$50,000
BUSINESS DESCRIPTION

Buy a Great Deli For Under 2x Cashflow and Very Cheap Rent!

This corner deli/grocery has been in the same location for 15 years in a fast-growing neighborhood in Monmouth County just 2 blocks away from the beach! Open 7am-8pm every day. 1 FT employee is there from open until close and 1 PT employee works on weekends. Huge upside by extending hours, adding lottery (which owner doesn't do for religious reasons) and accepting EBT. 15k of inventory included in the price. Fully equipped kitchen including pizza oven, pizza preparer, dough machine, ice machine, cooler, 2 deli cases, freezers, etc.) Rent only $1650 with a 10 year lease!


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
31/12/2034
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
retirement
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Elliot
Dweck
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Elliot Dweck