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Deli only in New York for sale in Manhattan, NY

Manhattan, New York (NY)

Asking Price: Gross: Cash Flow:
$ 1,750,000 $ 6,000,000 $ 2,035,980

Furniture and Fixtures Value:
$ 1,250,000 (included in the asking price)

Inventory Value:
$ 25,000 (included in the asking price)

Business Summary:
The figures are projected for the first year for the specialty deli that exists in the heart of New York City. On 5th avenue (flat iron section). Words can’t describe facility, only an on site inspection can revel to a new deli owner can conceive by bringing your imagination to its top level creating reality. Two floors 15,000 sq ft, equipment, furnishing and décor that no other deli in any area that can visually compete with. This place is the epic center for any owner or patron. When fully open profit from all income producing departments will dwarf the projected income. Financials of $2,000,000 are required. Store is just opened and all new inside. Now only serving Beverages, coffee, pastry and sandwiches. Any buyer can direct this fantasy operation in any direction they wish. This all new Fine Food Gourmet Store & Restaurant on 5th avenue for sale. This is a great deal in an amazingly prime location. This store is best suited for anything an owner can conceive- retail/wholesale. Best for liquor store or franchise business, Starbucks Dunking Donuts, McDonalds, Any business will flourish pert a manager type business can do full 2 floors as a restaurant and wine bar with outside deck sitting. A kitchen and wine bar are on second floor where there is an outside court yard seating for 45. This location on 5th avenue can carry any brands banner with pride, 5th avenue where the wealthy pass by all day long. A great combination and great location of business that you can make a lot of money. For sale 6,500 SF fine food store/ grocery/ crepe section/ sushi bar/ cheese section/ Illy coffee/ godiva section/ Second floor 6,500 sq ft cafeteria/ wine bar/bakery/ sandwich section/ outdoor seating 45 people. All new store at $15,410 a month rent with a 10 year lease with less the 1.5% annual increase. Community board approved 24 hour operation. Wine and Beer license approved till 4am liquor serving approved by Community board, Legal outdoor seating approved by Building Department. All new full basement 1000 sq ft with AC unit. Normal rent in this area for this size store should be 160 per sq foot on low side (very low) $1,040,000 per year possible rent here first year $184,920 goes up 1.5% every year. Buyer will get his investment back on rent savings in two years. Financials Required

 

   
Year Business was Established: 2012
   
Potential Growth/Expansion: The sky is the limit, only the 4 walls holding the custom made inside will limit it’s growth, you may have to see it to believe it.  
   
Competition: Nothing can compare with this once in a lifetime opportunity.  
   
Owner willing to finance: Since this is a once in a lifetime occurrence (lease) owner wants all cash  
   
Owner willing to train: Owner could give advice for two weeks  
   
Reason for selling: Owner built a masterpiece now on a new project that he will put up for sale developer.  
   
Seller Reference Number: 5259VM
BusinessMart.com Listing Number: 150429
 

 

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For more info contact:

Larry Bodner

Executive Business Brokers
908-851-9040

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