Business Overview

Perfectly located turnkey neighborhood Deli. Established 60 yrs ago and still going strong with a strong loyal customer base. Current owner is looking for someone to come in and bring this location to the next level with Social Media , Online orders & Catering. This location will increase sales dramatically with a first time eager buyer or an experienced operator. Seller looking to settle down and retire. All equipment in mint condition with a full line of brand new Deli cases and refrigeration in the front of the house. Front & rear Grills with Hood systems. Outdoor Seating. Huge basement with storage and office. At this price don’t wait to see this location , It will not last long.

Financial

  • Asking Price: $270,000
  • Cash Flow: $110,078
  • Gross Revenue: $517,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Seller willing to train new buyer

Purpose For Selling:

Other business interests

Additional Info

The building is leased by the company for $2,716 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell businesses. However, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is really important that you not rely entirely on a vendor's word, but rather, make use of the vendor's answer along with your overall due diligence. This will paint a much more sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new clients? Often times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Certain elements such as brand-new competitors sprouting up around the area, road building, and also employee turn over can affect repeat clients as well as adversely affect future profits. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the local median household income effect future earnings potential?