Deli Cafe Owner Finance

Somerset County, NJ

Seller Financing Available

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Asking Price:$199,000
Gross Revenue:$670,410
Rent:$6,346/Month
Established Year:2000
Cash Flow:$124,684
Inventory:$1,000
FF&E:$120,000
BUSINESS DESCRIPTION

Modern attractive highly successful deli & cafe business with a gross yearly income of $670,400 plus discretionary income and a net yearly income of $124,694.00. This is a five-day operation with limited hours. Priced to sell for this profitable twenty-year retail food business with owner financing. This combination deli and cafe is in Northern New Jersey in Sommerset County on an active county road and in a modern well known commercial mall with other successful businesses. The business sales product represents basic breakfast and lunch, sandwiches and salad products which represent a substantial markup to the bottom-line and yearly income. This is a dependable business opportunity and should be viewed to fully appreciate. The sale includes a fully equipped fast food deli cafe with an estimate asset value of $145,000 based on replacement cost of equipment, including a commercial kitchen, refrigeration & freezer units, accounting system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day-to-day business operation.


DETAILED INFORMATION
Location
Somerset County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,550
Lease Expiration
01/01/2030
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This long-standing successful retail business which offers deli and mart products is located on a busy county road with lots of drive by vehicles. The general area has a great deal of office buildings with hundreds of companies. The business facility consists of approximately 1,550 square feet with a clean attractive image. The business is in a modern commercial mall located in Northern New Jersey, Sommerset County. The general area consists of various highly populated communities with continued demand for these food products
Competition
To the best of our knowledge no other new competitors are expected near to this business, and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth & Expansion
The business presently has a limited marketing plan, no website, no advertising, limited hours, and no delivery service, which if adjusted can substantially improve the business’ gross sales.
Financing
Also, the seller is prepared to supply a formal due diligence to the purchaser.
Support & Training
The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.
Reason for Selling
The owner is retiring after many years in the food industry and will supply a no
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Ron
Cervelli
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Ron Cervelli