Recently available for this highly successful deli with a 2013 yearly gross income of $997,790 and a net yearly income of $108,000. The owner is retiring after many years in this food service industry and will supply a thirty day transitional period and owner financing to a qualified buyer. The deli offers cater to all occasions from business luncheons to extravagant weddings.
The business is individually owned and operated since 1994. The deli is also a full service Delicatessen featuring Boar's Head provisions a broad catering menu, along with a full array of services. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,100.
The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $2,750 and rent security $5,000. The business facility which consists of 1,500 square feet has a capacity for approximately fifteen customers. The sale includes a fully operational delicatessen, including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, chairs, computer, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 7:00 pm.
The sale includes a certificate of occupancy from the particular municipality and the required food license approval. Approximately thirty percent of the income consists of off premise catering. The facility is located in Northern New Jersey, Morris County in a free standing structure with private parking. A most dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 42% investment return to the owner operator.