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Business for Sale Summary

Gourmet Deli & Caterer - Property Available. - 30982

Business Type: business with property available,general merchandise store,green grocers / fruit sellers,misc. retail/non-classifiable,misc. servicel/non-classifiable,must sell/drastic price reduction!,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,delicatessen/catering services
Owner Financing
Gourmet Deli & Caterer - Property Available.
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Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $260,000
Gross Revenues $1,075,000 Lease Remaining Register Free to View
Owner’s Cash Flow $241,636 Number of FT Employees Register Free to View

Financing

$260,000 Down and $139K over 4 yrs. @ 6%

Business Description

Landmark Italian Gourmet Deli. In business for over 18 years. This has been an essential business throughout the pandemic, especially as a source of meat for local residents. Many customers discovered the location for the first time and have continued to shop there ever since. The business has a great reputation and brand that is well-known throughout the area. They are a full-service deli and caterer. This is a one-stop shop, where you can shop for gourmet prepared foods and a wide variety of Italian imports. The store is a spacious 2,500 sq. ft., with a full kitchen. There are 14 years (10 plus 4) left on the current lease. In fact, the building is for sale for an additional $550K. In the past 12 months, the business grossed approx. over $1,100,000.00 with a cash flow of approx. $241,636.00. The owner will stay on for a month of training, if necessary. The seller keeps all register "z-outs" and purchases to help verify sales. The business is fully-staffed with four F/T and one P/T employee. The key employees have been working here for 17 years, or longer. The sale price includes a Nissan Pathfinder for pick-ups and deliveries. We are seeking a serious and financially-qualified buyer with at least $270K in liquid funds and management skills. 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 speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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 Bu

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.