Grocery Cafe Delicatessen Video Poker Business For Sale

Business description

This family owned grocery, café, and deli has become linked to its community through 37 years of great and faithful customer service. Store keeps a well-stocked meat market that accompanies its large variety of other grocery products. In addition, there is a charming café that seats approximately 15 customers who wish to dine in from the popular deli. 3 video poker machines are included in the sale which are owned by the seller, and will be split 50% to the new owner. Hours of operation are currently only 8 am – 6 pm Monday through Saturday, which could be expanded to include Sunday for additional income.
Real estate, which consists of an approximately 4,000 sqft building and ample parking is included in the sale. Real estate was appraised 3 years ago at $225,000. Equipment is in good condition and is estimated to be valued at $175,000.
Building is located on a major 4 lane thoroughfare surrounded by local businesses and residences. Business is highly visible and easily accessible. Store is found in a densely populated area of New Orleans, Louisiana known as the West Bank of New Orleans. This area benefits from the luxuries of being just a few minutes from a major metropolitan city. It is a great place to live and raise a family.
After 37 years, seller is ready to retire and transition the business to a new owner to continue to history of success. Seller will train the new owner on this very easy to own and operate business. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers. Come see this well-run local grocery store, meet the owner, make offer.

Property information

Real Estate:

Real Property Included

Premises details:

4000 sq ft, $N/A

Other information

Reasons for selling:

Retirement

Trading hours:

Days: Mon - Sat, Hours: 8 am - 6 pm

Financing available:

Downpayment Required: $0
Monthly Payroll: $5,500

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$65,000 (included in the asking price)