Deli Cafe Nets $140,000

Bayonne, NJ
Deli Cafe
Asking Price:$375,000
Gross Revenue:$900,000
Rent:$3,500/Month
Established Year:1985
Cash Flow:$140,000
Inventory:$1,500
FF&E:$125,000
BUSINESS DESCRIPTION

Wonderful business opportunity for this successful thirty-year-old high-volume Deli, cafe and catering business located in the Jersey City-Bayonne area of New Jersey which is a highly populated area of Hudson County. The business has a gross yearly income of $ $900,000 and a consistent net yearly income of $140,000 based on an onsite owner. This is a highly profitable, well-known retail business with a wonderful reputation which can be further developed with a motivated owner operator. This deli has an excellent menu and services a substantial population of this active community. This operation maintains a very profitable catering and delivery service and has the ability to expand with an improved marketing system. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a continued return on investment to the owner operator prior to debt service.


DETAILED INFORMATION
Location
Bayonne, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
01/12/2035
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business opportunity is in northern New Jersey, Hudson County on a highly active county road with thousands of drives by vehicles. This business facility consists of approximately 2,200 square feet with an attractive professional appearance conveniently located on an active commercial avenue. The company has a highly visible excellent corner location on a busy avenue.
Competition
Regarding competition, to the best of our knowledge, 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.
Growth & Expansion
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising to further develop catering and delivery. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing
The purpose of this business transaction is to be due to the owner’s retirement after
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Reason for Selling
The purpose of this business transaction is to be due to the owner’s retirement
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Ron
Cervelli
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Ron Cervelli