5401-13008 Sioux Falls Area Deli

Undisclosed Address, South Dakota
Business Opportunity for Sale
Catylist Listing ID: 30054970
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $250,000
Year Business Established: 2002
Gross Revenue: $497,526 (Annual)
Cash Flow: $76,817 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

This family owned business has been in operation since the early 2000's. The goal of this business is to offer high levels of a service, quality food, unique dining, take out and catering. Meeting and exceeding the customers’ expectations results in repeat business and freeing up their customers valuable time. The subject business currently offers breakfast and a streamlined lunch menu with daily specials the customer base has come to expect. Let's not forget about dessert items as well! The business prides itself on the ability to be flexible and creative to accommodate items for holidays, birthday parties, anniversaries, company events, caterings and much more. During the warm months some outdoor seating is a great place to experience this concept.

Additional Details

Industry Segment: Restaurants
Reason for Selling: The current owners would like to retire.
Value of Inventory Included ($): $3,000
Value of Furniture, Fixtures, and Equipment ($): $86,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The location serves this concept well. The business is located in a high traffic area. The business leases its space.
Employee/Labor Description: 3 FT/ 2 PT Monday-Saturday 7:30am-3pm
Mgmt/Training Support Description: Will train for 4 weeks @ no cost. A new owner must be "Serve-Safe" certified which is a very simple certification to obtain. In addition, city and state licensing from the department of health. All skills/recipes can be taught/learned.
Competition/Market Description: This business is in a highly competitive market. The seller's success is a true testament to their passion for quality food and a positive customer experience.
Growth/Expansion Opportunities: The sellers believe a new owner could open for evenings and Sundays to grow sales. Adding a beer/wine license could also spark more sales. The more community focus a new owner can be - higher levels of success could be expected.

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