Deli Right off LIE - 1,600 SF *PRICE REDUCED* - 31408 Business Type: convenience store,misc. retail/non-classifiable,other eating & drinking places,other food stores,illness forces sale!,owner financing available,delicatessen/catering services
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $70,000 | Down Payment | $50,000 |
| Gross Revenues | $572,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $58,464 | Number of FT Employees | Register Free to View |
Financing
$50,000 Down and $20K over 2 yrs.@ 6%
Business Description
Deli Right off LIE - 1,600 SF. *PRICE REDUCED* Location, Location, Location! Located right off of the Long Island Expressway, this popular deli attracts a high volume of commuters, truckers, and landscapers. The large parking lot offers easy access and accommodates the volume of morning business. It is a spacious 1,600 sq. ft. with seating for 18, separate coffee station, 2 walk-ins, 12' salad case, and a 5' meat case. Neighboring stores and nearby sports fields attract a high number of customers. The business has a 10 year lease with a rent of $5,200/mth. This is very fair for a prime location. The owner is selling due to child care responsibilities with a new infant. The business is currently managed on an absentee basis. Despite this, in the most recent year the business has grossed approx. $572,000.00 (avg. of $11K/wk) with a net of approx. $58,464.00. A HANDS ON OWNER COULD SIGNIFICANTLY IMPROVE THIS. This business is priced using current and accurate numbers. We are seeking a serious and financially qualified buyer with at least $65K in liquid funds to cover the down payment, rent security and inventory. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.
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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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