Restaurant / Deli
www.GlobalBX.com
Listing ID:
700326374
Listing Title:
Restaurant / Deli
Quick Link:
http://www.globalbx.com/listing.asp?bId=326374
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
New Jersey
Area
City:
Hunterdon County
Asking Price Range:
$250K - $500K
Gross Revenues:
$1,028,000
Cash Flow:
$181,000
Cash Flow Type:
EBITDA
Year Established:
2014
Number of Employees:
4 - 5
Business Description:
This is a highly successful restaurant / deli / pizzeria with a gross yearly sale of $1,028,000 and a consistent net yearly income to the onsite owner operator. The business income represents 70% deli/restaurant mart and 30% pizzeria sales with a moderate cost of goods, representing a substantial average mark up to the business. The 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 including hormone free, grass-fed beef 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 & dining experience possible, to the best of their ability. This company has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $14,000. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $2,600, cost per square foot is estimated at $18.75 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $170,000 which is based on equipment and licensing replacement cost. This successful business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. The business has been valued at $350,000 with $150,000 down payment which is based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity.
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