NY Style Deli & Bakery For Sale

Business description

This traditional New York Style Deli and Bakery. It is a prime downtown location in a major office building on a high visibility corner location. Sandwich and bakery products constitute the majority of the business; but a taco/burrito bar set up for lunch provides alternative fare for regular lunch customers. This is an independently owned operation with very limited hours - a lot of room for growth.

Property information

Real Estate:

Lease

Lease terms:

15 years

Location:

The facility is a 6,600 square foot facility in a prime downtown, high visibility location with a long term lease that is assumable. Lease rate is $6,600 per month currently and includes building parking. This is a fully equipped restaurant/deli with bakery equipment as needed, no additional equipment is needed unless the concept is changed or expanded.

Other information

Expansion potential:

This is a prime location – currently under utilized. Normal competitive environment but little competition with the facilities and space available to expand the concept, hours and/or party room, bar etc.

Competition / Market:

Little or no advertising – high visibility location. Significant opportunity exists to expand hours or cater to office parties etc. Current owner began the process to obtain a liquor license which would be appropriate for an ideal “happy hour” location. Customer base is typically professional downtown lunch and limited breakfast menu crowd. Office parties and office catering provides additional income but it is not marketed heavily.

Support & training:

Seller will provide training for new owner.

Reasons for selling:

Owner is pregnant and needs to sell business.

Trading hours:

Monday through Friday 8:00am – 4:00pm

Financing available:

$149,000 at for 60 months at 8%. Seller is willing to finance balance to qualified buyer.

Inventory / Stock value:

$224,785 (included in the asking price)