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Business for Sale Summary

Hot & Cold Ethnic Deli & Grocery Store in Kings Co - 31873

Business Type: other food stores,absentee business,supermarket,delicatessen/catering services
Hot & Cold Ethnic Deli & Grocery Store in Kings Co
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Financial Information (non-confidential)

General Information
Asking Price $218,750 Down Payment $218,750
Gross Revenues $832,000 Lease Remaining Register Free to View
Owner’s Cash Flow $125,000 Number of FT Employees Register Free to View

Financing

$218,750 Down and

Business Description

The Price Was Just Reduced on this Established and Authentic Food Market in Brooklyn. The Totally Absentee Owner of this Hot & Cold Ethnic Deli & Grocery Store puts $10K/month in his pocket, on average. The rent is only $6,100/month for 1,800 square feet. There are 5 years left on the lease and the landlord stands ready to extend it by at least another 5 years. The store's full-time manager and four other loyal employees would all like to stay on. Gross revenues average $16K/week. The store sells beer. You may want to add Lotto, cigarettes, and an ATM. The huge kitchen can be used as a commissary to generate revenue from wholesale and catering accounts, who may want access to the homemade delicacies this store is know for in and around its neighborhood. Please become a premium member at www.vestedbb.com to obtain the name & address for a discreet visit as a customer. Then contact listing broker Jay Goldman for an appointment to speak with the sellers and get a full tour of the facilities. Please contact Mr. Goldman at either 917-912-3282 or jaygoldman@vestedbb.com for more information, once you are a registered buyer on our website. 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.