Business Description

This DELI CATERER in UPPER MANHATTAN is a neighborhood landmark established in 1957 and maintains its nostalgic feel. 40% of its 2010 revenue of $515,851 came from deli-style catering to a major university, major hospital and public schools in the area. Another 20% came from on-line delivery orders. ALL FINANCIALS ARE VERIFIABLE ON TAX RETURNS. 1200 sq. ft. ground floor accessed from major avenue sidewalk with lots of foot traffic and subway entrance/exit just a few steps away. Recently repaired and spacious basement is used for storage and refrigeration with plenty of room left over for an office. Open Mon-Fri 6am-7pm and Sat-Sun 8am-4pm, a new owner would be wise to keep it open later 7 days a week as there is plenty of evening street life to support it. This deli provides table service seating 28 from 11am-2pm. The community board has already given the go ahead for a beer license, which will add revenues and bring in new customers. 6 years left on the lease with 10 year option to renew. The working partner is willing to stay on as a partner, an employee/manager, or simply move on, but will surely offer support and training. The investing partner, who is a 50/50 owner with working partner, is preparing to move to San Diego and would definitely need to be bought out. Altogether they are looking for $180K down and $120K in seller financing. MAKE YOUR BEST OFFER!!! Please become a Premium Member at www. vestedbb.com to receive the name and address of this DELI CATERER so you can do a quick walk by, then call or email broker Jay Goldman (561.213.6114 or jaygoldman@vestedbb.com) for an appointment to meet the current owners, when you are ready to take the next step.