Asking Price: $298,000

Gross Revenue: $210,000

Gross Revenue Comments: Includes deli sales plus rental income

Cash Flow: $54,000

Cash Flow Comments: Includes Deli and Rentals

Inventory: $5,000 (Included in Asking Price)

FF&E: $30,000 (Included in Asking Price)

Real Estate: $200,000 (Included in Asking Price)

Seller Financing: Seller prefers cash out

This is a well established Deli with 5 Video Poker machines. The deli has developed a loyal customer base by building its reputation for quality food with a homey atmosphere. They can comfortable seat 14 people and they also have a drive-thru window.

The Video Poker grosses $100,000 from each of the five machines for a total of $500,000 per year. These net to the Owner approximately 25% of total revenue. The Deli could be reconfigured to allow for one additional Video Poker machine.

There are four employees who work as teams of two per shift operating both the deli and the Video Poker. The business hours are M – F 10:00 am to 8:00 pm and Sat 10:00 am to 6:00 pm, they are closed Sunday. The business is located in a free-standing building with ample parking.

Year Established: 2000

Employees: 4 part time

Facilities: The property is 6,249 sq ft and is surrounded by commercial development & residential. The building is 1,796 sq ft and was built in 2000. There are two tenant spaces; one for the deli and the other is rented as a liquor store for $8,400 per year. The property was valued using a real estate appraisal in Oct. 2006 for $205,000. The 2005/2006 assessed value for taxes set a value of $265,000.

Management Training and Support: Seller will provide training as required

Reason For Selling: Seller is retiring