Well-Established Deli & Catering Business for Sale

Suffolk County, NY

Seller Financing Available

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Asking Price:$360,000
Gross Revenue:$1,100,000
FF&E:$200,000
Cash Flow:$250,000
Inventory:$15,000
BUSINESS DESCRIPTION

LISTING ID # 36531

For over 50 years, this beloved hometown deli and catering business has been a staple in the community, consistently thriving. The business has been expertly managed for the last 7 years, with the current owner purchasing it from the previous owners 3 years ago. The owner is retiring and offering this exceptional opportunity. In the past 2 years, $150,000 has been invested in renovations, including new refrigeration, air compressors, LED lighting, and more. The space is immaculate and well-maintained, with 12 years remaining on a favorable lease. The location is prime, with heavy foot traffic and a friendly landlord. The facility includes 2 walk-in freezers, bagel-making equipment, and an on-site ATM. Currently, 15% of revenue is generated from catering. There is significant potential for growth with a new owner, including the opportunity to add lottery and beer sales, as well as extending operating hours. For more information, please contact the broker,


DETAILED INFORMATION
Location
Suffolk County, NY
Inventory
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
260,000.00 Down & balance of $100k for 60 months @ 7%
Support & Training
Seller will train
Reason for Selling
Retirement
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd