Listing ID: 76054
Well established North Shore Deli doing big numbers through COVID 19. 2021 sales were great & off to an unbelievable start into 2022. What an opportunity for an experienced Deli & Catering operator to take over this beautiful , turn key , well established business and continue making great money. With an experienced operator you can come in and relieve some of the managers salary and increase the net even more or continue running it 75% absentee and still bring home great money. This location is one of the cleanest , most organized , well ran with a fully trained staff that is on the market right now. Seller is extremely motivated to sell to the right buyer & will finance with the right offer. All sales verifiable. Please call or text JOSEPH MESI @ 631 236 8598 to schedule a walkthrough.
If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!
- Asking Price: $475,000
- Cash Flow: $277,000
- Gross Revenue: $1,700,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Seller willing to train new buyer
Other business interests
The property is leased by the business for $7,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. Nevertheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, current reduction in profits, or a range of various other factors. This is why it is extremely vital that you not rely completely on a seller's word, yet rather, use the vendor's solution along with your total due diligence. This will paint a much more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new clients? Many times, companies have repeat customers, which form the core of their daily profits. Certain aspects such as new competitors growing up around the location, roadway building, and personnel turn over can affect repeat consumers and also negatively affect future revenues. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the local typical house income effect future revenue prospects?