Deli in Office Building

File# C2438
Location: Farmington Hills
Business Price: $90,000
Down Payment: $45,000
Monthly Payment:849.20
Interest Rate: 5%
Amortization Period:60 months
Gross Sales: $184,366
Source: POS - 2017
Cash Flow: TBD
Source:
Inventory: $5,000
Days Open: Monday - Friday
Business Hours: 8am - 3pm
Seats: NA
Parking: ample
Licences Required:Health Dept, Sales tax
Year Established:1997
Year Acquired: 2013
Monthly Rent:$500

Profile:

Profile: This is an office building deli that serves exclusively two Class A office buildings in Farmington Hills, MI. It is open Monday-Friday only and is closed all weekends and holidays. The owner oversees the deli and does not work full time as he owns other businesses. It is operated by two full-time employees and 1 part-time employee. The deli has no seating and is carry-out only. It was completely remodeled recently. Landlord is great, but the buyer must have deli/restaurant experience to qualify. Ideally, this deli could be a business operated by a family, perhaps husband and wife plus one part time employee. Sales were approximately $170,000 for the months of January-October, 2017. These sales do not include catering sales which is considerable.
Note: Food cost 28%, paper cost 10%, Utilities – Electric $600 – $650 mo (Heat, Air conditioning and water included in rent).

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.