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Business for Sale Summary

Amazing Deal In NYC Gourmet Deli & Restaurant - 23967

Business Type: delicatessen/catering services,restaurant/ cafes,supermarket,convenience store
Amazing Deal In NYC Gourmet Deli & Restaurant
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This business has received 103 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $2,250,000 Down Payment $2,250,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View


$2,250,000 Down and Willing to hold

Business Description

ALL SUPERMARKET BUYERS STOP, LOOK NO FURTHER- LOCATION, LOCATION, LOCATION! You cannot get better than this gourmet deli/supermarket with sushi bar restaurant. This 6,000 square foot supermarket is located on one of the busiest streets downtown Manhattan that caters to the business district, upscale household condos, schools, colleges and surrounded by museums, ballrooms, theatres, parks, Madison Square Garden, Empire State Building and train station down the street. The competition is very limited with this gourmet supermarket. This gourmet food market serves illy coffee, restaurant sushi, prepared foods, salads, crepes, baked bread, a deli, cheese, nuts and organic foods. They also deliver purchases over $50.00 worth of groceries. The lease payment is below market price with a monthly payment of ONLY $15,000 per month, when the average lease payment is $55,000 per month for the same space! In addition, the seller just remodeled the business with over $2,500,000.00 in renovations. There is a 9-year lease that can be assumed to a qualified buyer. The seller also has two apartments in the same building which he will include with the business that is $3,000 per month, each below market for a 5th Avenue location. Customers just love what the seller has done to the business. As one customer stated, "I was really impressed walking in. It just felt like somewhere I want to be. Fresh bread on the shelves. Delicious sounding sandwiches-lots of fig and fig jam on the menu!" This is just one customer that loves all of the fresh bakery, cheeses, dairy, coffees, fruits, and vegetables that are offered with this business. Another customer said, "A grocery store with high-end, nice food. A lovely looking dessert case and an illy coffee bar. (I'm a big fan of illy coffee). And in the back, there is fresh produce, a sushi bar and soon-to-be salad bar station. Upstairs, they have a nice place to eat lunch and a wine bar, which will be opening soon. There is even a roof terrace! I chose a smoked turkey, fresh tomato, gruyere, spinach, and basil crepe. It was quite a hefty crepe! As I was walking through and taking pictures, a man approached me, who I assume is the owner. His pride in his business was clear and warm. He mentioned how excited he was to bring fresh, good food to the area, and we lamented about how much it was needed. He said that they are only part of the way there, and new things will be coming soon, such as the wine bar and deli additions. I'm excited to have this place so close, and looking forward to trying more!" The supermarket has hours that cater to the late night movie goer and the early morning, "go to work" early shopper. The location makes it easy for all types of consumers that pass by it daily, which is a major pull for current customers and new customers. This supermarket offers multiple income streams, which make it diverse, as well as new and functional with its major renovation. It will not last long, so buyers- please inquire today, rather than tomorrow, when it may not be available anymore. It is always better to give an offer than no offer at all.

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.

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.