Deli Convenient Store With Lotto
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $95000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 1 - 3
Inventory $125,000 equipment & $1,500 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full transitional period and remain post closing.
Reason for Sale The owner is retiring after many years of success in this industry.
Description One of a kind deli, convenience store and butcher, located in a modern commercial mall on a highly trafficked county road in northern Passaic County, NJ. It is well known for their unique style, design and quality of service. The business offers delicious breakfast and lunch specials daily which you can either eat in or take out. Also, this business features a wide range of imported cookies, chocolates, a wide range of delicacies and many other items that are hard to find anywhere else. The business generated a yearly gross income of $500,000 and the seller can verify a net income of $95,000. The business has a seating capacity for twenty-four (24) patrons with private parking for thirty plus vehicles. The kitchen is fully equipped and capable of a high volume production. This business production represents 60% Deli (luncheonette) and 40% C-Store and Lotto sales. This business also has a gift shop which you can purchase little novelties. The owner is retiring after many years of success in this industry and has priced the sale of the business with seller financing. The facility consists of 1,900 square feet with private parking for 30+ vehicles. The facility is known for their unique style with an attractive image and capable of high volume sales. The business is located in a modern mall with various other active businesses in northern Passaic County, New Jersey. This area has very limited competition with a high volume of drive by shoppers and daily workers who use this food service.
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