14 Year Family Deli Business - Unbeatable Location

Contact Seller
~ Seller Financing Available ~
Asking Price:
$120,000

Gross Revenue:
$169,209
Cash Flow:
$7,143
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$90,000
included in asking price

Share this business:

Business Description

This is an outstanding deli with a great location and consistent 4 to 5-star reviews across popular social media platforms. This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 50’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month. The deli has 30 seats inside and five covered patio tables outside. They have a beer and wine license. The present owner has owned the business for three years using the same menus including an extensive catering menu.

The catering has not been properly utilized because the owner had no prior food experience and is not sales oriented. The previous owner had consistent sales averaging over $300,000 per year and acknowledged profits averaging over $40,000 per year before adjustments for excessive Cost of Goods sold.

Great as is but can be modified as new owner likes.

There is substantial room for growth by utilizing an advertising and marketing campaign, expanding the catering business and optimizing food costs.

About the Business

Year Established:
2004
Number of Employees:
1 p/t + owners
Real Estate:
Leased
Building Sq. Ft.:
1,248
Rent:
$4,847.00 Per Month
Lease Expiration:
10/1/2019
Facilities:
This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 100’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month with 30 seats inside and five covered patio tables outside. The lease is negotiable.
Market Outlook/
Competition:
There are other eating options in the area and a competitive business environment. Loudoun and Fairfax county are two of the richest and fastest growing counties in the U.S. The deli industry is increasing at approximately 4% and is reflected in the area.
Growth & Expansion:
Sales are break even with no adjustments to Cost of Goods Sold. Attention to the COGS would greatly impact the owner benefit. Marketing and advertising efforts have been low and sales would benefit from an advertising plan.
Contact the Seller

About the Sale

Reason For Selling:
To pursue other interests along with semi-retirement.
Training/Support:
Current owners will train for four weeks at no cost.
Seller Financing:
$55,000 financing for 36 months at 6% for a payment of $1673.00 plus or minus

Listing Info

ID:
1596193
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Fred Walker

Murphy Business & Financial VA

 Show Phone Number

View My Active Listings
U.S. Census Data for Fairfax County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fairfax County, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.