Delicatessen Caterer In Manhattan For Sale

Business description

This DELI CATERER in UPPER MANHATTAN is a neighborhood landmark established in 1957 and maintains its nostalgic feel. 40% of its 2010 revenue of $515,851 came from deli-style catering to a major university, major hospital and public schools in the area. Another 20% came from on-line delivery orders. ALL FINANCIALS ARE VERIFIABLE ON TAX RETURNS. 1200 sq. ft. ground floor accessed from major avenue sidewalk with lots of foot traffic and subway entrance/exit just a few steps away. Recently repaired and spacious basement is used for storage and refrigeration with plenty of room left over for an office. Open Mon-Fri 6am-7pm and Sat-Sun 8am-4pm, a new owner would be wise to keep it open later 7 days a week as there is plenty of evening street life to support it. This deli provides table service seating 28 from 11am-2pm. The community board has already given the go ahead for a beer license, which will add revenues and bring in new customers. 6 years left on the lease with 10 year option to renew. The working partner is willing to stay on as a partner, an employee/manager, or simply move on, but will surely offer support and training. The investing partner, who is a 50/50 owner with working partner, is preparing to move to San Diego and would definitely need to be bought out. Altogether they are looking for $180K down and $120K in seller financing. MAKE YOUR BEST OFFER!!! Please contact broker, Jay Goldman, by clicking on the contact seller button below.

Property information

Real Estate:

Lease

Other information

Reasons for selling:

One partner wants to re-locate to San Diego

Financing available:

180,000 down & 120,000 at 7% over 36 months

Furniture / Fixtures value:

$15,000

Inventory / Stock value:

$10,000