Popular Kosher Deli Restaurant
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $800000
Net Profit / Cash Flow $100680
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1948
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Other business interests.
Description This popular kosher deli / restaurant for sale has been a fixture in a prominent town for more than 60 years. It draws a continuous stream of customers (including some celebrities) due to its prime location on the best commercial block in town. Year-to-year sales have been consistent for the last several years. The restaurant serves lunch and dinner only, so there is an excellent potential for expanding the business to breakfast service as well. This business is a 7-day per week operation with catering and delivery already established. The dining area has seating for 40 customers, and there is a full basement with 10 coffin freezers. The rent is low in comparison with the surrounding properties, and annual increases are 3%. 5 years remain on the current lease with 2 5-year options, and the lessee has the first right of refusal to buy the building during the entire lease. Best of all a new business owner needs to guarantee the lease personally for only 2 years. The current owners of the last 5 years have operated the business on a partial-absentee basis, so two partners (one for the front and one for the kitchen) could reduce payroll by about $100,000 to increase the total cash flow to $200,000. A low-mileage van (5,000 miles) is also available in addition to the asking price. This is an opportunity you do not want to miss, so make your inquiry to see it for yourself!
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