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This Business has been Sold!
Closing Date: 11/16/2011
Broker: Syed Ahmed

Business for Sale Summary

Well Established American Deli - 19694

Business Type: seller financing available,special situations,best deals!,must sell/drastic price reduction!,bagel stores,new to market,retailing businesses,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes
Sold
Well Established American Deli
On November 16th 2011, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $400,000 Down Payment $300,000
Gross Revenues $718,000 Lease Remaining Register Free to View
Owner’s Cash Flow $284,916 Number of FT Employees Register Free to View

Financing

$300,000 Down and Neg open to it but must have 75% of selling price.

Business Description

Well established Convenience store cum deli and caterer has been located in a strip mall on a main road in Suffolk County for over 30 years. Current owner has operated the deli for the last 11 years. Owner's retirement creates this excellent opportunity for the right person as an owner operator. The deli does a very large breakfast and is run efficiently. As a result, it enjoys high profit margins. This business also does about $30,000 a year in catering. The business has opportunities for growth. If you're looking for an established deli with room for growth and a good price, then inquire now. The business also has lotto and earns $38,000 a year in commission. The seller is willing to finance, as well. The seller's yearly net is close to $300,000. This business won't last, so call Syed at 631-374-7686 for more information.

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.