Asking Price: $475,000 Gross Revenue: $700,000Cash Flow: $150,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $500,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This beautiful family owned Gourmet Market/Deli is in a beautiful strip center on a major Suffolk County road with plenty of exposure plus easy access and parking. The Seller decided to open his own Gourmet establishment in order to share their traditional Italian family recipes with the world. Since opening the business over 10 years ago, the market has been selling freshly prepared pastas, home-made sausage and fresh mozzarella, salads, paninis, and deli sandwiches. Their catering offerings have cultivated a very loyal customer base all over Long Island. No expense was spared in the build-out of the business. The business has short hours and is only open 6-days a week, does little to no advertising and does not promote deliveries, leaving tons of room for growth. This facility is built-out to accommodate a huge increase in business and there are plenty of easy ways to increase revenue and profits. The Seller is now looking for the right PARTNER to share the responsibility of owning and operating this gourmet business. If you have always wanted a quality market, deli, catering business, don’t miss this opportunity. The asking price is less than what it would cost to build new; a 50% share in the business is only $250,000. Please refer to listing number 13337 when inquiring about this listing.
Long Island Gourmet Market/Deli – Looking for a Partner
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