Food Mart Deli w. Lotto

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Asking Price:
$275,000

Gross Revenue:
$850,000
Cash Flow:
$125,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$170,000
included in asking price

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Business Description

Highly profitable forty-year-old food market which has a gross yearly income of $850,000 and a net yearly income of $125,000. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business food offerings consist of all the favorite products including deli products which represent a substantial markup to the net yearly income. This retail business routinely has five full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $13,800. This business opportunity has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,500, rent per square foot $27.00 and rent security $4,500. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. This business opportunity has been valued at $275,000 based on a multiple of the net yearly income along with the value of the assets and seller financing is available to a qualified buyer. There is also a distribution liquor license available for sale, for an additional $150,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly income, this business expect to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

About the Business

Location:
Bergen County, New Jersey
Year Established:
1996
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$4,500.00 Per Month
Facilities:
This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free-standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service.
Market Outlook/
Competition:
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income.
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About the Sale

Reason For Selling:
The owner is relocating into an alternative larger business.
Training/Support:
The owner will remain post-closing for 30 days and supply a training period satisfactory to the purchaser.
Seller Financing:
Seller financing is available to qualified buyers.

Listing Info

ID:
1605922
Ad Detail Views:
0

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Business Listed by

Ron Cervelli

Regal Consulting Corp.

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U.S. Census Data for Bergen County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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

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