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Deli Cafe Lotto

Raritan, NJ

Seller Financing Available

Deli Sandwich shop
Asking Price:$250,000
Gross Revenue:$350,000
Rent:$2,200/Month
Established Year:1970
Cash Flow:$90,400
Inventory:$1,000
FF&E:$45,000
Listing ID: 2294774Listing provided by BizBuySell
BUSINESS DESCRIPTION

Deli Lotto at the Municipal building for this long standing Fast-food Deli & luncheonette business with a 2023 gross yearly income of $350,000 which includes discretionary income and a net yearly income of $90,400. Priced to sell for this highly profitable forty-year retail food business with owner financing in a wonderful area of Somerset County New Jersey. This combination deli, mart and Lotto is located in Northern New Jersey on an active county road. The business sales represent breakfast lunch, 75% sandwich and salad products which represent a substantial markup to the bottom-line yearly income. This is a dependable business opportunity which can be substantially improved with additional products.

DETAILED INFORMATION
Location
Raritan, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,550
Lease Expiration
01/01/2033
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This long-standing successful retail business which offers deli, mart, lotto, and mart products is located on a busy avenue with lots of drive by vehicles. The business facility consists of approximately 1,550 square feet on a commercial avenue. The business is in a free-standing commercial facility located in Northern New Jersey, on an active county road and consists of various highly populated urban communities with continued demand for these food products. The facility has a dry allowing substantial storage.
Competition
To the best of our knowledge no other new competitors are expected near to this business, and the owner has agreed to supply a non-compete agreement to the purchaser
Growth & Expansion
The business presently has a limited marketing plan, no website, limited hours, and requires product improvement which can substantially improve the business’ gross sales.
Financing
Seller financing available with an appropriate down payment.
Support & Training
The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.
Reason for Selling
The owner is retiring after many years in the food industry and will supply a no
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Cervelli
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