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American Luncheonette Deli
Location: United States -> New Jersey -> Monmouth County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Excellent American Luncheonette Deli business opportunity with gross yearly sales of $400,000 and a consistent net income to the owner operator. The facility is four years new with a modern and attractive atmosphere. The deli is located on an active road for customer convenience. The business offers delivery and catering services which is a small percentage of the yearly sales. This industry does not require government licensing approval to purchase however a municipal food license is required to operate. This luncheonette deli has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $9,000 based with an onsite owner operator. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $4,500, cost per square foot is estimated at $19.70 and rent security of approximately $9,000.

The business is in an active commercial mall, on a county road, consists of approximately 2,740 square feet and has an estimated capacity for thirty-nine customers. The business fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial luncheonette deli, which includes commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has substantial private mall parking on site as part of the commercial lease. This successful deli business operation is active seven days per week, with hours from 8:00 am to 8:00 pm. The sale includes all required documentation including a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its busines


Financials

Asking Price Range:  < $250K
Gross Revenues:   $400,000
Cash Flow:   $75,000
Cash Flow Type:  EBITDA
Inventory:  $145,000
Seller Financing:  Yes

About The Business

Year Established:  2013
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner’s absenteeism.

Photos

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American Luncheonette Deli Photo 1




Print Listing Id: 700287620
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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