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Listed by:

Bruce Miller Business Broker

Successful Free Standing Deli & Pizzeria For Sale

Suffolk County - Smithtown Township, New York, US
Asking Price:
$249,999 (USD) Furniture / Fixtures included
Sales Revenue:
$520,000 (USD)
Cash Flow:
$107,000 (USD)

LOCATION, LOCATION, LOCATION: Here's your opportunity to own an extremely profitable deli in a phenomenal location! The current owner has other very successful non-food businesses that are requiring more of his resources, so he decided to sell this one. This deli is close to the intersection of two major roadways, in an area with industrial and office complexes, with a large residential area nearby. It occupies a 2200 sq. ft. free-standing building with ample parking, so it has tremendous visibility along the roadway and it's extremely easy for cars to zip in and out from the main road. This business has been building its stellar reputation for over 30 years, and generates a steady profit.. Despite its longstanding success, there's still room to grow the business. The current owner does not push the catering, so this largely untapped revenue stream can still be developed. They currently do not have beer, lotto or cigarettes -- all of which are significant passive revenue sources for delis and convenience stores. The deli is currently open Mon-Fri 5-3 and Sat 6-1, and is CLOSED SUNDAYS AND HOLIDAYS. The owner has recently added pizza ovens which is drawing in more new customers. The owner knows that extending the hours of operation would also increase revenue and profits. The kitchen is well-equipped and large enough to handle an increase in business and catering. The business has all the equipment you would need, including a 48" grill, three flat screen TV's, 3-door freezer, two slicing machines, deep fryers, camera system, ovens, pizza ovens, refrigerated display counter, steam table, walk-in, 10-door soda refrigerator, POP system which documents all sales, ATM and more. There are no tables or chairs, so all of the business is carryout or delivery. The owner will hold a note for the right buyer. This is honestly a 'Must See' for anyone who is seriously in the market for a very profitable deli.
KEY FEATURES
1. All sales documented
2. 2200 sq. ft
3. Rent $5,000
4. New 10 year lease
5. Owner Nets Over $100K after expenses
6. CLOSED SUNDAYS AND HOLIDAYS
7. Owner financing available
8. Surrounded By industrial, office complexes, and residential
9. Room To Grow

Property Information

Real Estate:

Lease

Lease Terms:

Ten year lease, Rent $5,000 per month

Location:

Very busy road surrounded by commercial, and industrial, with large residential area near by

Premises Details:

Free standing building with ample parking. Fully equipped kitchen with enough room to expand catering. The front has lots of display space. The business is takeout only so no tables.

Size in square feet:
2,200

Business Operation

Expansion Potential:

The owner just added pizza so push the pizza and catering

Reasons for selling:

Owner has 2 other non-food businesses he wants to focus on

Trading hours:

Mon-Fri 5 am - 3 pm, Sat 6am-1pm Closed Sundays and holidays

Employees:
7
Years established:
30 plus

Other Information

Support & training:

2 weeks and the seller will make himself available if needed

Financing available:

$150K down balance at 6% for 4 years

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$7,000 (USD)
Related Documents:

Contact Bruce Miller Business Broker

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