Deli Lunch deli350

Price: $225,000 Location: Somerset, New Jersey Industry: Delicatessen Listing ID: deli348 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. Listing Details Form of Ownership: C Corp Operation Year Established: 1970 Days & Hours of Operation: The business is active six days per week, with hours from 8:00 am to 5:45 pm. Owner Hours Per Week: Full Time Employees: This retail business has three 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 $3,400. Location Security on Lease: Two Months Lease Option: Yes Available Monthly Rent: 2,200 Type of Location: Commercial Square Footage: 1,550 Relocatable?: Yes Facilities Information: 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. Summary Historical Summary: This is a forty year old deli sandwich shop. Owner Qualifications: This food industry does not require state government approval to purchase other than the Lotto license. 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. Potential Growth: 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/Terms: Seller financing available with an appropriate down payment.