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This Business has been Sold!
Closing Date: 07/03/2014

Business for Sale Summary

5 Day Cafeteria - Deli in Office Building - 24912

Business Type: retailing businesses,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes,wholesale/dist businesses,misc. wholesale/distribution/non-classifiable,special situations,best deals!,new to market
Sold
5 Day Cafeteria - Deli in Office Building
On July 3rd 2014, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $125,000
Gross Revenues $239,632 Lease Remaining Register Free to View
Owner’s Cash Flow $78,352 Number of FT Employees Register Free to View

Financing

$125,000 Down and None

Business Description

5 Day Cafeteria - Deli in Office Building. OPEN ONLY M-F 7am-3pm. This is a fully equipped, 1,900 sq. ft. space. They offer a full kitchen, grill with hood, prep area, etc. There is also a seating area for 40. RENT IS ONLY $975.00 PER MONTH! That rent includes gas, water and garbage. THEY JUST SECURED A NEW 10 YEAR LEASE WITH ONLY 3.5% ANNUAL INCREASES. It is the only food service in this upscale office building on the service road of the LIE. In the past year the business grossed approx. $260,000.00 (That does not include another approx. $156,000.00 in wholesale business from supplying 6 coffee trucks daily). The net income was approx. $78,351.00. The wholesale could be expanded as well as offer private catering. This is ideal for an outside catering operation. All equipment is owned by the seller except for the hood system. All buyers MUST have deli, catering or restaurant experience. This is a wonderful opportunity and a must see! This motivated seller is seeking the right buyer. If you are serious and meet the qualifications listed, please call or email Mel Vaz at 631-909-1095 or mvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.