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Business for Sale Summary

Gorgeous New York Style Italian Market and Cafe - 30163

Business Type: convenience store,delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,best deals!,new to market,seller financing available,supermarket
Owner Financing
Gorgeous New York Style Italian Market and Cafe
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $800,000
Gross Revenues $1,335,000 Lease Remaining Register Free to View
Owner’s Cash Flow $399,329 Number of FT Employees Register Free to View

Financing

$800,000 Down and $400K over 4 yrs. @ 6%

Business Description

Gorgeous New York Style Italian Market and Cafe. Remember that old-world Italian market that you used to visit as a kid in Manhattan or the Boroughs? Guess what? It is here on Long Island. It is located in a hot area of Suffolk County near many apartments, residential homes, hospitals and businesses. The owner of this business has carefully re-created that market with everything you can imagine, from hot foods, meats, cheeses, and even specially imported items from Italy. He has done so in a gorgeous 3,600 sq. ft. Manhattan Style facility. They also have an additional 1,200 sq. ft. of partially finished space upstairs for storage, office, etc. It is a full-service Italian market and butcher shop. Sales have been growing year after year for the past 12 years. Now it is time for the owner to retire. In the past year gross sales were approx. $1,350,000.00 with a net cash flow of approx. $399,000. The space has a 9 year lease at a rent of $5,919 (incl. tax and CAM). It can be extended for a qualified tenant. We are seeking a serious and financially qualified buyer with at least $800K in liquid funds. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.