Business Overview

This absentee operated Westchester market and deli features innovative food fare with complementary retail sales. As the venue is part of a larger related brand, its name and concept will not be included in the sale. The sale provides the buyer the ability to walk into a well-suited turnkey food operation with electric food preparation equipment but no hood. The comparative low rent for the location make this an attractive opportunity for a number of concepts or food service situations.

Financial

  • Asking Price: $30,000
  • Cash Flow: $1
  • Gross Revenue: N/A
  • EBITDA: $1
  • FF&E: $10,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:800
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This 800 square foot venue leases for $2,300 per month on a 5 year lease that expires 11/30/25 with two 5 year options. All of the business’s furniture, fixtures and equipment will be included in the sale.

Purpose For Selling:

Personal

Pros and Cons:

The market and deli is located in a popular area for breakfast, lunch and evening diners. As such, competition exists for a variety of concepts. Alternatively, this hub of activity also allows proprietors to showcase their culinary creations to a wide variety and large volume of patrons.

Opportunities and Growth:

The high density of area residents and employees makes this a highly suitable location for a number of new or tried and true concepts that do not require a hood for food preparation. It may also represent an ideal commissary for a food truck, farmer’s market, caterer or other time of retail food operation that may also benefit from a permanent bricks-and-mortar store presence. The venue will tremendously benefit from an onsite working owner-operator to optimize expenses and maximize efficiencies.

Additional Info

The business was started in 2020, making the business 2 years old.

The building is leased by the company for $2,300 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nonetheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is very vital that you not depend absolutely on a seller's word, however rather, utilize the vendor's response together with your total due diligence. This will paint a much more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which form the core of their daily revenues. Certain variables such as brand-new competition sprouting up around the location, roadway construction, and employee turn over can impact repeat clients and also adversely affect future earnings. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average household income effect future earnings prospects?