PRICES REDUCED! successful Market and Deli with Owner's Home

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Successful Market and Deli with Separate Home
Asking Price:
$399,000

Gross Revenue:
$421,000
Cash Flow:
 Not Disclosed
EBITDA:
$30,000
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Thriving Market and Deli business available for an energetic Buyer. The entire store was re-fitted as a Deli in 2013. Electrical, plumbing, security, flooring, ceilings, refrigeration, as well as all the equipment to operate the business. Owner will train.

The owners never expected this business to be build so rapidly. For that reason they continue to make improvements and add equipment. They own two businesses and there is not enough hours in the day. The store has developed a great deli and sandwich business, butcher shop, hot and cold foods for take out, beer business and a deck with umbrellas to dine on. Most furniture and fixtures are included.

Also included is the home to the left of the entrance to the store. It has a Living Room, Den, Kit on the first floor and, 2 Bedrooms and bath on the 2nd floor. January 2017 they are remodeled the Kitchen and bath. It is approximately 1100 sq ft. Ideal opportunity to Live & work on premises or collect rent for the house. For a qualified buyer, 20% down plus inventory should be able to buy the entire property PLUS Dollar for Dollar for the inventory. Numbers support the price.

About the Business

Year Established:
2013
Number of Employees:
5
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
2,400
Facilities:
Both building are well maintained. Al the FF&E is included with the exception of personal items. Excellent Road Frontage and paved parking. Currently the home is leased for $800. per month plus utilities. This could easily be the owners quarters. Business cash flows with an owners salary and a nice return on investment.
Market Outlook/
Competition:
They outshine any competition.
Growth & Expansion:
By extending the hours would increase the business assuming the new owner keeps up the quality and friendliness of the current owners.
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About the Sale

Reason For Selling:
They own two businesses, busy in both.Just not enough time in the day!!
Training/Support:
Owner's will help train and aid in a smooth transition for the new Owner.

Listing Info

ID:
1516547
Ad Detail Views:
952

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$
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Business Listed by

Richard Palmer

Hospitality Consultants, LLC

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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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