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Businesses For Sale   >>   Other Food and Beverage Businesses For Sale

Deli Convenience Store & Lunch Business With Lotto For Sale

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $475000
Net Profit / Cash Flow  $80000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1975
Number of Employees  1 - 3
Inventory  100000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will supply a full transitional period and remain post closing.
Reason for Sale  Retiring after many successful years in the food service industry.

Description  
Owner retiring from this profitable Deli Convenience Store & Lunch business with Lotto located in a modern commercial mall of Passaic County, northern New Jersey. This popular long standing Deli is known for its distinct design, style and quality service. The business is located on an active county road with lots of drive by traffic. The deli has an indoor seating capacity for 24 customers with lots of private parking. The kitchen is fully equipped and capable of a high volume production. The business production represents 40% C-Store, Lotto and 60% in Deli / luncheonette sales. The owner wishes to retire after many successful years in this industry and has priced the business with seller financing to a qualified purchaser. The business equipment consists of a walk up counter, Lotto, modern fully equipped commercial kitchen, a full prep area, walk-in refrigerators, phone system, etc. The business square footage is 1,800 on one main floor with an indoor seating capacity for 25 customers. Private parking for 35 vehicles is available and included in the lease. This business has two employees who are unaware of the pending sale and expected to remain post closing, monthly payroll $3,900. The business is active 7 days per week and hours of 6:00 am to 6:00 pm. The business is Lotto approved & has a municipal food handler's license. An existing 10 year lease expiring on 2024/01/01 plus an additional option for continuation is available for transfer and monthly rent $3,400 rent security of $3,400. Based on the asking price, required down payment and net income this business should supply a 33% return to the owner operator prior to debt service. Contact for more information on this food and beverage for sale.


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