Highly Profitable Deli & Adult Entertainment License w/ Property

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Highly Profitable Deli & Adult Entertainment License w/ Property

Business Description

Highly Profitable Deli & Adult Entertainment License/Business with Commercial Property for Sale! - SBA Loan Qualified

This is an offering that rarely comes up in the market. Not only do you have a 30+ year old business supplementing close to $350,000 Owner Cash Flow, you have a Grandfathered Adult Entertainment License next door under the same Ownership. Due to the nature and location of this Asset, the demand and value of this license that comes free with the purchase is substantial.

The current owner of the building and business is charging below market rent for both the Deli and Adult Entertainment Businesses. At average market rate, just one of the two tenants' monthly rental income will cover the entire monthly loan payments for the Businesses & Property! The other tenant's rental dues will be straight profit. This is not including the existing and proven Seller Cash Flow!

The Adult Entertainment business/tenant is currently operating under the Seller's License as a manager. Due to the City's policies to limit such Licenses; this gives the Purchaser generous options to recoup his or her investment quicker. This is a Grandfathered, Commercially zoned license.

Pre-qualified for an SBA loan with $700-900,000 down payment. Can change slightly depending on Buyer's Financial Strength

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Serious inquiries only, please! Must execute NDA and complete financial statement and may be asked to provide bank statements.

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About the Business

Location:
Maryland
Real Estate:
Owned
Market Outlook/
Competition:
The loyal following of this business has allowed very consistent cash flow. Seller's discretionary earnings have increased since taking ownership!
Growth & Expansion:
There are clear growth opportunities that can be easily realized. The purchaser will have full support of the current ownership of how to grow this already very successful business.
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About the Sale

Reason For Selling:
Other Interests
Training/Support:
2 weeks

Listing Info

ID:
1468370
Ad Detail Views:
424
Asking Price:
$2,700,000

Gross Revenue:
$1,500,000
Cash Flow:
$323,400
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Shawn So

GOLDEN TREE BUSINESS BROKERS

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Sponsoring Broker:

simon so
GOLDEN TREE BUSINESS BROKERS


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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.