Midtown Deli Store in Manhattan for Sale
Asking Price: | $750,000 |
Gross Revenue: | $1,800,000 |
Cash Flow: | $480,000 |
Inventory: | $40,000 |
Gross: $150,000/mon
SQ. FT: 1,800 + 1,700 basement
Parking: street
Lease ending: 2029, possible new lease
Equipment: full kitchen
Inventory: $40,000
Off- Premises License: yes
Years in business: 5
Open hours: 24hr
Expenses:
Rent: $16,000/mon, property taxes included
Annual rent increase: 2%
Water: $100/mon
Supply:
Gas + Electricity: $4,000/mon
Insurance: $2,500/year
Number of employee:
11 full + 2 part time + 1 manager
Payroll: $52,000/mon
Net: $40,000/mon