Established Deli w/ Property for Sale

LISTING ID # 36919

A 35 years old deli located in an affluent neighborhood of Nassau County, New York. The seller wants to retire. It is a non-competing area, which means that no other deli can be opened. All the employees will stay with the new owner. The deli sells breakfast and lunch.; and d a separate area is reserved for pizza and salad. It's gross sales are $1.2 million a year, with a decent profit margin. Pizza and its related items are extremely popular among the loyal clientele. The seller owns the property, which generates rental income of $12,000 monthly, from 4 apartments and two shops. The seller is willing to sell the property and business for $2.8 million and is open to holding a mortgage with $2 million as a downpayment. It is once in a lifetime opportunity to buy a deli along with the property and earn a decent rental income from it. After paying all the expenses, the seller's net cash flow is $240,000 a year.