Deli in Office Building

File# C2475
Location: Farmington Hills
Business Price: $99,500
Down Payment: $49,500
Monthly Payment:$966.64
Interest Rate: 6%
Amortization Period:60 months
Gross Sales: $176,433
Source: POS-2018
Cash Flow: TBD
Source:
Inventory: $5,000 +/-
Days Open: Monday-Friday
Business Hours: 8am-3pm
Seats: Atrium
Parking:
Licences Required:Health Dept/Sales Tax
Year Established:20+ years ago
Year Acquired: 20+ years
Monthly Rent:$500.00 per month +/-

Profile:

This is an office building deli and sundry shop that serves exclusively a beautiful, completely remodeled Class A office building 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 ample seating in a beautiful atrium and has carry-out as well. 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 $176,500 for 2018.

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.