Landmark Italian Gourmet Deli & Caterer

Nassau County, NY

Seller Financing Available

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Asking Price:$299,000
Gross Revenue:$1,190,000
FF&E:$100,000
Cash Flow:$180,000
Inventory:$3,500
Established Year:2002
BUSINESS DESCRIPTION

LISTING ID # 36577

Landmark Italian Gourmet Deli. In business for over 22 years. This business has a great reputation and brand that is well-known throughout the area. They are a full-service deli and caterer. This is a one-stop shop, where you can shop for gourmet prepared foods and a wide variety of Italian imports. The store is a spacious 2,000 sq. ft., with a full kitchen. There are 8 years left on the current lease, with an option to extend for a qualified buyer. In the past 12 months, the business grossed approx. over $1,190,000.00 with a cash flow of approx. $180,000.00. The owner will stay on for a month of training, if needed. The seller keeps all register "z-outs" and purchases to help verify sales. The business is fully-staffed with 6 F/T employees. The key employees have been working here for 17 years, or longer. We are seeking a serious and financially-qualified buyer with at least $199K in liquid funds, food service experience and management skills. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!


DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Not Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
199,000.00 Down & $100K over 4 yrs. @ 7.5%.
Support & Training
Seller will train
Reason for Selling
Divesting
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd