Listing ID: 76079
Italian Specialty Deli & Butcher. Located in a very busy part of Queens sits this well known Italian Specialty Deli. Low rent and steady sales of $23K weekly makes for a good income. All equipment in good working condition. All staff has been there over 15yrs and will stay on. Current owners do not take advantage of Social media , online ordering , butcher dept. & catering which can increase sales even more. Great exposure to the 2 Main rds that this location sits between with front & rear entrances. Landlord will extend lease with a qualified buyer and current owners will finance with the right offer. Included in this sale is a 2008 Nissan Pathfinder that can be used for deliveries and picking up product. Make your money back in less than 2 yrs.
- Asking Price: $425,000
- Cash Flow: $226,268
- Gross Revenue: $1,136,000
- 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 real estate is leased by the company for $5,260 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nonetheless, the true factor and the one they tell you might be 2 completely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, but rather, use the seller's answer in conjunction with your overall due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new clients? Many times, operating businesses have repeat consumers, which form the core of their everyday earnings. Particular variables such as brand-new competition growing up around the location, road building, and also personnel turn over can impact repeat clients as well as negatively influence future earnings. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local typical house earnings influence future revenue potential?