This well-known Retail Deli & Mini-Market provides quality meats, sandwiches, Italian specialties, grocery items, prepared foods and full catering services to the surrounding central NJ area. The firm enjoys significant operating margins, documented profitability and strong word of mouth referrals within a heavily populated residential and commercial community. This business currently operates from a fully equipped modern 5,000 SF retail store (with full kitchen).
The company enjoys a competitive advantage by consistently providing quality food choices, reliable catering and superlative customer service. Its unique selection and NJ Lottery outlet consistently draws consumers to the location. It is projected that a new owner will obtain additional growth by expanding marketing efforts (targeting more commercial clients and the prepared foods operation) with a minimal investment of $30k. The company projects a potential revenue growth rate under such premise of 10%+ per year.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 2.5x SDCF (ttm). A full valuation report by a national valuation firm is included in the prospectus. There is zero debt to be assumed and the deal includes $85k in current inventory plus over $250k in equipment/vehicles. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner-operator will obtain more than $210k benefit in after-acquisition-debt cash flow- over 80% ROI in Year #1 alone.
A comfortable six months transition period will be provided by the owner who truly wants to see the business continue to flourish. Flexible lease terms are available for the facility.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Asking Price $1,070,000
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