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Business for Sale Summary

Landmark Italian Gourmet Deli & Caterer - 36577

Business Type: green grocers / fruit sellers,misc. retail/non-classifiable,other eating & drinking places,other food stores,owner financing available,sandwich shops,delicatessen/catering services
Landmark Italian Gourmet Deli & Caterer
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This business has received 27 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $299,000 Down Payment $199,000
Gross Revenues $1,190,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and $100K over 4 yrs. @ 7.5%.

Business Description

Landmark Italian Gourmet Deli. In business for over 22 years. This business has a great reputation and brand that is well-known throughout the area. They are a full-service deli and caterer. This is a one-stop shop, where you can shop for gourmet prepared foods and a wide variety of Italian imports. The store is a spacious 2,000 sq. ft., with a full kitchen. There are 8 years left on the current lease, with an option to extend for a qualified buyer. In the past 12 months, the business grossed approx. over $1,190,000.00 with a cash flow of approx. $180,000.00. The owner will stay on for a month of training, if needed. The seller keeps all register "z-outs" and purchases to help verify sales. The business is fully-staffed with 6 F/T employees. The key employees have been working here for 17 years, or longer. We are seeking a serious and financially-qualified buyer with at least $199K in liquid funds, food service experience and management skills. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.