Delicatessen and Market
Asking Price: $350,000
Gross Revenue: $1,545,356
Cash Flow: $125,000
Location: Saratoga County
This is a full-service deli and market with a long history of serving their loyal customers. They carry a variety of deli meats, including a full line of Boar’s Head products. The deli counter produces a large variety of subs, sandwiches and salads. There is also a full-service butcher counter; imported and domestic groceries and a substantial selection of fresh produce. Hot and cold catering services are also offered. All salads are made on the premises.
Year Established: 1995
Employees: 9 Full time; 3 Part time
Facilities: The company leases approximately 2,900 square feet of space. The retail area occupies 2,500 square feet. The lease term is 15 years and expires on March 31, 2025. Rent is currently $42,060 per year.
Competition: There are other similar operations in the area, but very few have the long history, customer loyalty and substantial sales volume that this company enjoys.
Growth & Expansion: Possibilities for generating additional revenues include reducing the produce section and using that space for more imported and local items; making room for a hot and cold buffet, with more choices for lunch; and opening earlier to serve coffee, breakfast sandwiches, etc.
About the Sale
Financing: The owner would prefer cash at closing but may consider some limited financing for a qualified Buyer.
Support/Training: The Seller will stay on for a negotiated period of time to train the Buyer in all aspects of the business operation.
Sale Objective: The owner would like to retire and is starting to divest his assets.
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