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Key Details
Sold Price $130,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $108
MLS Listing ID 170491401
Sold Date 05/11/23
Property Description
Been here for +16 years. The present Owner bought the Deli at the end of 2018 (4 years). It is run as a family business with 4 family members and 1 part-timer. The menu is huge. It has …” a little bit of everything…” This Deli is known for the many choices its customers have for breakfast, lunch, and early dinner. They follow the 3 principles of a great food establishment, religiously: Good Food, Good Prices, and Good Service (the 3 G’s). The Deli has indoor seating with 4 tables (8 seats) and outdoor seating with 5 tables (20 seats). Sales this year are expected to be over $700,000 ($13,450/week)!!!! They serve breakfast, lunch, and early dinner. You can eat inside or outside. They also deliver via the delivery services and they do catering. Since opening the store they have been adding new customers every year. The covid years were a little bumpy but still showed a year over year increase in sales. In 2021 sales increased 31.8% over the prior year and 2022 looks like a 38.2% increase will be obtained. ($700,000). This is $13,500 per week. Adjusted sales in 2019, 2020 & 2021 were: $334,328, 384,212, $506,409 and 2022’s pro-forma is estimated to be +/- $700,000 Cash Flows (Sellers Discretionary Earnings) for 2022 is estimated to be +/- $129,749. The current Owner and family will stay working for the Buyer up to 4 weeks while a new crew is hired and trained (assuming wages are agreeable). The Buyer might be able to work at the Deli before the closing.
Location
State CT
County Fairfield
Zoning Bus
Interior
Heating Gas on Gas, Hot Air
Cooling Central Air, Wall Unit
Equipment All necessary equipment
Exterior
Garage Parking Lot
Utilities Available Electric, Gas, Telephone, Cable
Building
Story 1
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Marco Albarracin • Re/Max Right Choice