Deli Business with Two Locations
Off-MarketBranford, CT
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$4,000,000
$660,000
16.5%
1985
30+ Days
Customers
Two deli locations operating as separate businesses: one is a deli and pizza shop in while the other is a larger deli, meat market, and grocery store serving the local communities. The locations are 12-15 minutes apart and operate independently but share the same branding. One of the businesses also does substantial catering, particularly with Yale University, Yale hospitals, and local schools in the area.
Customer Acquisition
Marketing relies primarily on reputation built over 40 years of operation and word-of-mouth referrals. They also recently transitioned to owner.com for online presence and are getting significant business through the platform.
Team
One location has 10 employees while the other has approximately 35 employees.
Owner's Role
The owner no longer works in front end operations but remains involved in day-to-day back end decisions like managing schedules and monitoring orders / inventory.
Reason for Selling
The owner is looking to exit the food business to focus on his real estate development career, which has been his passion since his early 20s. He is open to selling one or both of the locations as a pacakge.
Contracts
No
Real Estate
One location is owned, which consists of the deli store, an apartment upstairs, and a single-family house (approximately 2,800 sq ft) in the back. The owner is open to including the real estate in a sale if a buyer is interested. The other location is leased.
When Are You Looking to Sell
3-6 months
Licenses Required
No
Additional Notes
One location generates approximately $1 million in annual revenue with roughly $330,000 in total profit while the other location does approximately $3-3.5 million in annual revenue with similar profit margins of around $300,000 annually.
Business ID: 1652
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