Mediterranean Gourmet Delicatessen In New York County For Sale

Business description

Price just drastically reduced!!! This mediterranean gourmet deli is a neighborhood institution with brand name recognition on Manhattan's Upper East Side. It's culturally diversified menu is filled with fresh delicacies as well as traditional American fare. LOCATED IN A DENSELY POPULATED UPSCALE RESIDENTIAL AREA and near 3 major hospital systems, there is NO SHORTAGE OF FOOT TRAFFIC. The landlord has told the seller that he is willing to extend the lease to 10 years. Rent (including real estate tax) is $12K/month for 900 sq. ft., which feels and looks like a lot more given the smart interior design and see through glass refrigerated cases (see photos). The store is currently run by the owner's brother, who now has HEALTH ISSUES. When the owner ran it himself, the store did double the revenues and can do so again in the right hands. As he would like to MOVE FAST, please feel free to MAKE YOUR BEST REASONABLE OFFER. After your initial walk by, interested purchasers should contact broker, Jay Goldman, to arrange for a full tour of the store and to speak with seller.

Property information

Real Estate:

Lease

Other information

Support & training:

seller will train

Reasons for selling:

Owner absentee from business for 4 years now. He has other business interests abroad. His brother, who runs the business, has health issues.

Financing available:

135,000 down &

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$15,000