Passaic Deli With C Store & Lotto For Sale

Business description

Thirty year old Deli Convenience Store Lunch business with
lotto located in a modern mall and commercial area of
northern Passaic County, New Jersey. This one of a kind
Deli is known for its distinct design, style and quality service.
The business is located in a high traffic commercial mall with
numerous other businesses. The business has an indoor
seating capacity for 24 customers with lots of private parking.
The kitchen is fully equipped and capable of a high volume
production. The business production represents 40% C-
Store, Lotto and 60% in Deli (luncheonette) sales. The
business equipment consists of a walk up counter, a modern
fully equipped commercial kitchen, a full prep area, walk-in
refrigerators, phone system, etc. The business square
footage is 1,900 on one main floor with an indoor seating
capacity for 25 customers. Private parking for 45 vehicles is
available and included in the lease. The business is active
7days per week and hours of 5:00 am to 6:00 pm. The
business has a municipal food handler s license. An existing
10 year lease expiring on 2018 plus an additional option for
continuation is available for transfer and monthly rent $3,500.
The business has three employees who are expected to
remain post closing. The owner wishes to retire after many
successful years in this industry and has priced the business
below market value and also offers seller financing to a
qualified purchaser.

Property information

Real Estate:

Lease

Location:

The business is located in a commercial area of Passaic County NJ with various other businesses. This area has very limited competition with a high volume of drive by shoppers and daily workers who use this service.

Premises details:

The facility consists of a total of 1,900 square feet with private parking for 45 vehicles. The facility is clean modern with an attractive image and capable of high volume sales.

Other information

Expansion potential:

With a marketing plan and offering off premise catering growth is possible.

Competition / Market:

No other lunch deli businesses are in this area and seller will supply a long term non compete agreement to the purchaser.

Support & training:

The seller will supply a full transitional period and remain post closing.

Reasons for selling:

Retiring after many successful years in this industry.

Trading hours:

Seven Day Operation
5:00 am to 6:00 pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available for a qualified purchaser.

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)

Related documents:

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