Deli Nets $346,136

Califon, NJ

Seller Financing Available

Deli
Asking Price:$599,000
Gross Revenue:$1,362,294
Rent:$4,000/Month
Established Year:2000
Cash Flow:$345,136
Inventory:$2,000
FF&E:$175,000
BUSINESS DESCRIPTION

Wonderful opportunity, owner is retiring for this successful deli with a gross yearly sale of $1,362,294 plus discretionary income and a consistent net yearly corporate income of $346,136 for the owner operator. The business income represents 95% pick up and 5% cafe sales with a moderate cost of goods, representing a substantial mark up to the business. This deli business has a simple philosophy which is to offer fresh ingredients prepared in an authentic manner in a pleasant setting and using only top-quality products. The market & eatery also have a helpful and professional staff of employees. The deli has a successful catering service representing a wonderful menu of popular dishes with a substantial mark up and profit to the deli. Their message is to provide their customers with the best food experience possible, to the best of their ability. This is a dependable solid business opportunity. The 2022 gross income was $1,362,294 and a net yearly income as evidenced from the company corporate tax returns of $346,136. The 2023 gross income remains similar to the previous year based on an onsite owner operator and prior to any personal debt service. The business fixed assets have an estimated value of approximately $175,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped deli pizzeria which includes a commercial kitchen, fire suppression system, freezers, refrigeration units, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.


DETAILED INFORMATION
Location
Califon, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,950
Lease Expiration
01/01/2035
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This successful retail Deli & Pizzeria facility, which consists of 1,950 square feet, has an attractive modern appearance. The business is in a mid-size commercial mall with other active businesses and is located on a convenient county road. This opportunity is in Northwestern New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.
Competition
No other similar competitors presently exist in the area, and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion
The business presently has a limited marketing plan, basic web site, and no delivery system, and if improved can further develop the business yearly gross sales.
Financing
SBA financing is pre-approved and seller financing is available with an appropriate d
Support & Training
The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Reason for Selling
The sale is due to the owner’s retirement.
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Ron
Cervelli
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Ron Cervelli