Renovated Deli in High Traffic Shopping Center - 21163 Business Type: delicatessen/catering services,other eating & drinking places,other food stores,misc. retail/non-classifiable
Acted as the Advisor to the Deal
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.
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