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This Business has been Sold!
Closing Date: 04/30/2013

Business for Sale Summary

Deli and Building For Sale - ONLY 10% Down - 22792

Business Type: retailing businesses,bagel stores,delicatessen/catering services,other eating & drinking places,other food stores,special situations,best deals!,distressed sales!,business with property available,seller financing available,assets only sale
Sold
Deli and Building For Sale - ONLY 10% Down
On April 30th 2013, 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 $500,000 Down Payment $50,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$50,000 Down and Owner will hold mortgage for 20 years @ 7%.

Business Description

Deli and Building For Sale - ONLY 10% Down. This was the best deli in town prior to Superstorm Sandy. They were consistently grossing $17,000/wk just prior to the storm. Ten years ago they grossed $22K/wk. The store has been closed since the storm. The floors were ripped up and the sheet rock removed 3 ft. up from the floor. The store needs cosmetic work to be re-opened, but it is fully equipped. All equipment is in working order, but needs some cleaning. PLEASE NOTE: THE INSURANCE RATES HAVE NOT GONE UP! This location is 20 blocks away from the flood zone. Insurance is still only $4,500/yr. The deli is 3,000 sq. ft. with a 1200 sq. ft space adjacent. The deli can be expanded into that space or it can be leased out. Taxes are $15,000/yr. The seller is asking $500K for the entire building (4,200 sq. ft.) WITH ONLY 10% DOWN! The owner will hold a mortgage for 20 years @ 7%. That's right, only $50K and this building and fully equipped deli can be yours. Considering the slow rebuilding after the storm, you may be the only deli in the area for quite some time. This deal will not last. Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@vestedbb.com. Drive by's will be allowed, but walk-throughs must be scheduled by appointment.

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.