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Food Mart, Deli w. Lotto

RETAIL For Sale in NJ

Financial & Assets Details

$850,000
$125,000
$170,000
2000+/-

About the Business

1996
5
Yes

Business Description

Highly profitable forty-year-old food market which has a gross yearly income of $850,000 and a net yearly income of approximately $125,000. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business food offerings consist of all the favorite products including deli products which represent a substantial markup to the net yearly income. This retail business routinely has five full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $13,800. This business opportunity has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,500, rent per square foot $27.00 and rent security $4,500. This business opportunity has been valued at $175,000 based on a multiple of the net yearly income along with the value of the assets and seller financing is available to a qualified buyer. There is also a distribution liquor license available for sale, for an additional $150,000. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Growth & Expansion

The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income.

Seller Financing

May be considered with an appropriate down payment.

Market 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 long term non-compete agreement to the purchaser.

Location Details:

This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free-standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service.

Support & Training

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

Reason for Selling:

The owner is relocating into an alternative larger business.

Listing ID: FMKT171

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