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Businesses For Sale   >>   Essex Businesses For Sale   

Deli Luncheonette For Sale

Location  Essex County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $225000
Net Profit / Cash Flow  $50000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1975
Number of Employees  1 - 3
Inventory  75000 Equipment & 1200 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will supply a full transitional period to the new operator and will remain post closing for thirty days.
Reason for Sale  Seller retiring after many successful years.

Description  
Fully equipped luncheonette business, owner retiring after many years with this successful Luncheonette business in an active commercial mall of Essex County, Northern NJ. This business has existed for forty years with a wonderful reputation for its service and food products. The business has a gross income of $225,000 and a net yearly income of $50,000. The business offers an extensive breakfast and lunch menu including off premise catering. This business consist of a six day work week with hours from 7:00 am to 4:00 pm and continues to service an active community of daily workers and shoppers, in this urban and city area. The 1,400 square feet facility seats 38 customers and has a full size basement and private entrance. The business sale offers a long term lease with continued options with a gross monthly rent of $2,850 and modest rent increases. The sale includes a full commercial kitchen, numerous displays, tables & chairs, computer system, phone system, etc. This is a great opportunity to own a successful, established lunch deli business with unlimited potential. The restaurant has a full commercial kitchen, numerous displays, tables & chairs, computer system, phone system and various equipment required in this industry, etc. The building has a legal capacity for 38 customers and the facility is 1,400 square feet with a 1200 square foot basement. The business has private mall parking as part of the commercial lease agreement. The business has three employees who are expected to remain post-closing monthly payroll is approximately $4,760. The luncheonette is active six days a week (Closed Sunday) 7 am-4 pm. The business has a municipal food handlerr?s license to serve food to the general public. The lease requires the tenant to be responsible for utilities such as water, gas, electric, telephone apply and a complete expense list is available for review.


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