Italian Gourmet Deli - **DEAL OF THE YEAR** - 28363 Business Type: gift and specialty retail,misc. retail/non-classifiable,other eating & drinking places,other food stores,delicatessen/catering services,restaurant/ cafes/ diners
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $425,000 | Down Payment | $325,000 |
| Gross Revenues | $1,205,991 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $311,448 | Number of FT Employees | Register Free to View |
Financing
$325,000 Down and $100K over 3 yrs. @ 6%.
Business Description
Landmark Italian Gourmet Deli - **DEAL OF THE YEAR**. SAME OWNER FOR OVER 20 YEARS!
The only reason this is on the market is because the owner has another very high volume location in the city and does not have time to be here,
His wife has been running the business and wants to retire. THEY ARE GIVING THIS LOCATION AWAY!
They have been here for 20 years creating a name and brand that is well-known throughout the area.
They are a full-service deli and caterer, one-stop 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.
A new 10 year lease can be obtained by a buyer with good credit.
In the past year the business grossed over $1,200,000.00 with a cash flow of approx. $311,448.15. 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 full staffed with 5 F/T and 1P/T employee.
SALES PRICES INCLUDES APPROX. $20K IN INVENTORY!
We are seeking a serious and financially qualified buyer with at least $325K in liquid funds and food service/deli/catering experience.
If you meet the criteria, please call 1-877-735-5224 for further information.
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.
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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