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Businesses For Sale > Business For Sale in Cincinnati, Ohio (OH)

Downtown Deli & Catering $350K Sales

Cincinnati, Ohio (OH)

Asking Price: Gross: Cash Flow:
$99,000 $349,000 $52,000

Furniture and Fixtures Value:
$60,000 (included in the asking price)

Inventory Value:
$2,500 (included in the asking price)

Business Summary:
This profitable business is located in a Class A Office Building in the heart of downtown Cincinnati. Current owner has major health issues that are forcing him to sell this business for only $99,000. Seller income is $52,000 annually so a buyer can make his money back in less than 2 years. There are 3500 tenants in his building alone! He can seat 91 customers in his 2700 square foot space. In addition, there are 50,000 people who live or work within one square block of this deli. The new downtown skyscraper is being built close by. They have many weekly catering clients who depend on them for client meetings and special occasions. This is a Monday to Friday business at present operating from 8 am to 3 pm daily. Owner has gone to extremes to make sure that this is a Class A operation in both appearance, cleanliness, and operations. This is not your average deli. The company’s focus has been to offer the best hot subs, fresh made gourmet sandwiches, panini, salads, wraps, kids meals, soups, beverages, and desserts. The owner feels that getting a beer and wine license along with opening on the weekends and marketing to more businesses could easily drive sales to the $1 million dollar mark. Downtowners do spend more money on food as the average ticket price exceeds $10.

 

   
Year Business was Established: 2000
   
Number of Employees: 7  
   
Facilities / Terms of Lease: 2700 square foot facility that seats 91.  
   
Potential Growth/Expansion: New buyer can grow the business thru catering and marketing to downtowners.  
   
Competition: There certainly are other delis in downtown Cincinnati, but none are as well situated.  
   
Owner willing to finance: Seller will consider financing.  
   
Owner willing to train: Seller will stay as long as necessary to train the new owner.  
   
Reason for selling: Health issues are forcing the owner to sell.  
   
Seller Reference Number: 41420056
BusinessMart.com Listing Number: 31589
 

 

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For more info contact:

Dan Long

VR Business Brokers
513-321-7666

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