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Business for Sale Summary

Sweet Shop For Sale in Union County, NJ - 29021

Business Type: convenience store,delicatessen/catering services,other food stores
Owner Financing
Sweet Shop For Sale in Union County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $49,000 Down Payment $20,000
Gross Revenues $80,000 Lease Remaining Register Free to View
Owner’s Cash Flow $43,000 Number of FT Employees Register Free to View

Financing

$20,000 Down and Balance at 5% over 4 Years.

Business Description

Situated in Central Jersey, this profitable 30-year-old convenience store and luncheonette is poised for significant growth. The market for its coffee, breakfast and sandwich business is untapped, as there is a substantial employment base in short walking distance, including a post office, police station, City Hall, library and court house. There is a bus stop and church even closer. Additionally, the immediate neighborhood is undergoing rapid development, bringing in new condominiums and, with it, new business. The current owner is nearing 80 years old, and he is retiring. He has diminished the hours of operation over the years, and no longer provides more than coffee and a muffin for breakfast. He now offers no lunch. The store has counter seating, and is about 60% utilized, providing ample space to develop a true coffee, breakfast and lunch business. It does minimal take-out business and offers no delivery service to a significant, almost captive market. The store also provides money order, newspaper and lottery services, and a selection of snack and grocery items. It closes each weekday at 5:30pm, cutting short its service to homeward-bound workers. Saturday, the store closes at 2pm, and it does not open on Sundays, foregoing service to nearby churchgoers. The neighborhood is well-suited for either an upscale cafe, or for a food delivery service. Please contact the broker at 1-877-735-5224.

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. kg

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.