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DELI-LOTTO NETS $110,000

RetailFor Sale in Lodi, NJ

Listing ID: DELI329 | Broker Listing ID: BLP284501

Financial & Assets Details

$810,000
$110,000
$125,000
$3,000
Yes
2,000+/-

About the Business

1975
4 full time
$6,000
Yes

Business Description

Successful Fast-food Deli, business with a gross yearly income of $820,000 which includes discretionary income and a net yearly income of $120,000. Priced to sell for this highly profitable forty-year retail food business with owner financing. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business sales represent 80% 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.

Growth & Expansion

The business presently has a limited marketing plan, no website, 1% liquor sales, limited hours, and requires product improvement which can substantially improve the business gross sales.

Seller Financing

Seller financing is available to qualified buyer

Market Competition:

To the best of our knowledge no other new competitors are expected near to this business, due to the unavailability of additional liquor licenses and the owner has agreed to supply a non-compete agreement to the purchaser.

Location Details:

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 2,000 square feet with a clean attractive image. The business is in a free-standing commercial facility located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated urban communities with continued demand for these food products. The facility has a huge dry basement with ten-foot ceiling allowing substantial storage.

Support & Training

The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.

Reason for Selling:

Relocating out of state

Listing ID: DELI329

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