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This Business has been Sold!
Closing Date: 01/16/2013

Business for Sale Summary

Renovated Deli in High Traffic Shopping Center - 21163

Business Type: special situations,best deals!,new to market,retailing businesses,delicatessen/catering services,other eating & drinking places,other food stores,misc. retail/non-classifiable
Sold
Renovated Deli in High Traffic Shopping Center
On January 16th 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 $129,000 Down Payment $129,000
Gross Revenues $349,000 Lease Remaining Register Free to View
Owner’s Cash Flow $95,140 Number of FT Employees Register Free to View

Financing

$129,000 Down and Possibly

Business Description

Renovated Deli in High Traffic Shopping Center. The location is A-Plus, Diamond. There is a high volume Supermarket, Bank, Movie Theater and Dunkin Donuts in this shopping center, YET THE RENT IS ONLY $2,200/MTH. (Incl. taxes and CAM). They have a 10 year lease with only 3% increases. The current owners took over this location less than one year ago with the idea to clean it up, update the menu and then sell it. So far, they are right on track. The store had been doing only $3,000/wk in sales when they bought it and they increased sales to $7,000/wk in less than six months. Sales continue to grow. A Net Income of at least $95,420.00 is expected by the end of year one. That is a conservative estimate. If you have been looking for a food service business you must at least drive out to visit this location. You won't regret it. Act quickly, this business will not last. Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@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.