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Business for Sale Summary

Italian Gourmet Market and Convenience Store - 23434

Business Type: retailing businesses,convenience store,delicatessen/catering services,general merchandise store,green grocers / fruit sellers,other eating & drinking places,other food stores,card shop/stationery store,special situations,best deals!,new to market,seller financing available
Owner Financing
Italian Gourmet Market and Convenience Store
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Financial Information (non-confidential)

General Information
Asking Price $650,000 Down Payment $325,000
Gross Revenues $1,900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $272,981 Number of FT Employees Register Free to View

Financing

$325,000 Down and $325K over 5 yrs. @ 6%.

Business Description

Italian Gourmet Market, Convenience Store, and Stationery. This 5,500 sq. ft. store has it all. Family owned and operated for 28 years, they are a landmark in the community. They offer a full line of Gourmet Italian Specialties, hot and cold foods, prepared foods, a full butcher shop, convenience items, stationery items, produce, LOTTO, Catering for any event from 5 to 500 guests and much, much more. In 2012 Gross Sales were approx. $1,900,000.00 with a Net Income of approx. $270,000.00. The owner is looking to retire. Located on 2.7 acres and the landlord will offer a 10 year lease or more to a qualified buyer. Sale includes 2 delivery vans. We are looking for a serious and financially qualified buyer with at least $500K in liquid capital to cover the down payment, inventory (approx. $100K in addition to the asking price), deposits and working capital. Any buyer must have previous deli, butchering, or supermarket experience. If you meet this criteria please call or email Mel Vaz, at 631-909-1095 or melvaz@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.