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Liquor And Deli For Sale - Essex County, New Jersey, NJ |
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| PROFILE: Deli And Liquor Store Known For Outside Catering |
| Status: |
Available |
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| State: |
New Jersey |
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| Location: |
Essex County |
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| County: |
Essex |
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| City: |
None Given |
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| Primary Category: |
Retail Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
132289 |
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| Seller Or Contact: |
Vito Mastromonaco |
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| Primary Phone: |
908-851-9040 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
9/29/08 |
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| Date Ad Last Revised: |
9/29/08 |
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| Asking Price: |
$3,000,000 |
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| Down Payment: |
$2,250,000 |
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| Annual Revenue: |
$1,984,000 |
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| Annual Adjusted Net: |
$649,476 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
Yes |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: Asking Price Is Package Deal With #3699vm. Immediate Potential To Make Massive Profits By Purchasing Commercial Real Estate And Two Great Money Making Deli/Liquor Stores Known For Their Outside Catering. These Terrific Money Making Enterprises Can Return (Purchased As A Package) Greater Profits To New Owner Who Can Revitalize Both Businesses. At Present Annual Sales For Both Stores Is Close To 2 Million With The Cash Flow Over $650,000 Annually. If Owner’s Salary And Additional Rental Incomes Were To Be Added Profit Would Be Over $700,000 - (Both Store Do Not Sell Tobacco Products Nor Do They N.J Lottery) Easy 10/15% Increase In Volume Plus Higher Net Ratio Would Be Attainable.
Store Number 1 Has 4 Operating Slicers Sells Over 1350 Pounds Of Pastrami Alone Weekly. Rye Bread 120 Loaves A Week 110 Dozen Rolls Weekly. Does Deli Sub Platters All Week Long With Catering Orders Averaging About $130.00 – (Catering/Delivery Only About 5% Of Total Business). Liquor Department Sells Over 200 Cases Of Beer Weekly Mostly Singles Of Very High Markups. Building Has Parking For 7 Or More Cars Plus Street Parking. Office/Apartment Above Can Easily Fetch 1,000 – Monthly Rental.
Store Number 2 Sells 950 Pounds Of Pastrami Alone, 110 Loaves Of Rye Bread Plus Other Types Of Bread Sells 95 Dozen Rolls Weekly. Store Also Has 4 Operating Slicers. Sells Over 100 Cases Of Beer Mostly Singles Has Parking For Over 7 Cars Plus Street Parking.
Both Stores Have To Cut Off In Advance Catering Orders During Holidays And Super Bowl Sunday. Both Stores Area Known For Their 6 Foot Sandwiches And Catering Platters. Typical Cost Of 6 Foot Sandwich Is $23.00. Selling Price Is $56.00. Both Stores Sold At A Package Price Of $3,000,000. If Sold Separately Selling Price Would Be Over $100.00 Per Unit More.
Owner Is Willing To Take Back Financing Of $750,000 – Attains To Be Negotiated. Bank Mortgage For 2 Buildings Can Easily Be Obtained For $2,000,000 – Leaving Outlet Of $250,000 For Business With Rental Incomes Approaching Profits Of Over 700,000 – ($750,000 Owned Back To Owner Through Financing). Hard To Find A Deal Like This In Today’s Economy. Owner’s Salary Of 33,600 Not Included In Above Mentioned Cash Flow. New Owners Should Restock Stores Completely – Immediately. |
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