Italian Deli for Sale Palm Beach County-14 years of Goodwill Built-In

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This deli for sale has seen tremendous sales growth in 2018!
Asking Price:
$199,000

Gross Revenue:
$340,498
Cash Flow:
$65,067
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this South Florida Italian deli for sale that is only open Monday thru Saturday 10 am - 4 pm. The community has more than 60,000 residents with an average household income in excess of $100,000.

This restaurant for sale has seen tremendous sales growth in 2018. A new marketing platform has been very successful. The sales for 2018 are up by 27% when compared to 2017! This business has been a staple in the community for years. New construction is bringing in more residents to the area and the local tourist business is better than ever. This fifteen year old business should see its best sales year ever in 2018 with 2019 estimates to be even better.

The shopping center that is home to this fast casual restaurant for sale is also home to a movie theatre, a few big box retail outlets, restaurants, retail shops, and service providers. A Walgreens sits on the out parcel. The deli for sale is 1,290 square feet and seats 17 guests inside and 14 guests outside. The monthly rent of $3,105 includes all CAM. Taxes and trash removal.

The menu for this Italian deli for sale includes more than 40 specialty sandwiches and salads. Entree and pasta items are popular, as are the fresh Italian pastries. The fast casual Italian deli for sale offered by the restaurant brokers at We Sell Restaurants as been owned and operated for the last four years by an owner who handles all admin work and helps in the front of house when necessary. The menu and all recipes will transfer with the sale and the seller will remain for two weeks of training at no cost to insure that the high quality remains.

The equipment package for this deli for sale is extensive. The exhaust hood is eight feet in length and the grease trap is in ground. Kitchen equipment package includes a six eye burner/ flat top combination unit with two stove, fryer, salamander, and more. The refrigeration is all commercial grade and includes a walk-in cooler, extra- long refrigerated display cases, stand-up freezes, sandwich coolers and more. The deli also has a portable storage unit out back that it rents for $107 per month. A brand new 8 1/2 ton AC unit has recently been installed, as well as am insulated hot water heater.

The front of house is nicely decorated and comfortable. The inside seating is for 17 guests and the outside patio has seating for 14. When a guest walks in they are greeted by an enthusiastic staff and a display of pastries and salads. Restaurant sales are derived from dine-in guests, pick-up, delivery, and catering. The restaurant hours vary due to the Florida season. From May 1 through November 30 the hours are Monday through Saturday 10 am to 3 pm. From December 1 through April 30 the Italian deli for sale operates seven days per week from 8 am through 4 pm.

About the Business

Year Established:
2004
Number of Employees:
4 FT
Real Estate:
Leased
Building Sq. Ft.:
1,540
Lease Amount/Mo.:
$3,105.95
Lease Expiration:
4/30/2023
Facilities:
14 outdoor chairs
6 outdoor tables
8 inside tables
17 chairs
2 cash registers
five foot refrigerated display case
2 eight foot refrigerated display cases
three door sandwich cooler
three hotel pan steam table
7 prep tables
eight foot exhaust hood
salamander
flat top/six eye burner/two stove combo unit
double panini press
microwave
slicer
walk0in cooler
convection oven
dish machine
three compartment sink
utility cart
two door stand-up freezer
assorted pots, pans, utensils
freezer chest insulated hot water heater
high chair
advertising sandwich board
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
The deli for sale has created a nice niche in the market, It has differentiated itself from the competition with its product offerings.
Growth & Expansion:
The demographics of this restaurant for sale are impressive. Population in the area is expanding and the average household income is in excess of $77,000.
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will train for 145 calendar days at no additional cost.

Listing Info

ID:
1509369
Ad Detail Views:
571

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 31 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Palm Beach County, FL
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 Palm Beach County, FL
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.


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