Selling Your Deli?
The recession of 2008 has continued to make it a struggle for restaurants and delis to maintain daily operations. If you can find staff willing to work, the minimum wage expectations have nearly doubled since the beginning of the COVID-19 pandemic. Indoor dining has suffered to the same fate with a significant decline in customers choosing to enjoy their meals “for here”. Keeping up with rising costs in food and beverage supply has been detrimental to the industry, and the decrease in profit seems to have had no effect on the price to lease a space for your deli. Making the decision to sell your deli is tough, and finding a qualified buyer can be even tougher. At WBAR, that won’t be a problem because we ARE the buyer. We will make you a CASH offer on your deli so you can get back to rebuilding the future you always dreamed of. We have decades of market research and experience in buying delis like yours. Let us make this the easiest thing you’ve done since you’ve opened. Contact us now and we will get started right away on your FREE valuation. You’ll provide us with a bit of info about the business, snap a few photos, and gather a general list of the deli’s equipment. This list may include: Refrigeration (Walk-in Fridge / Freezer, Deli Cooler, Merchandising Case) Cooking & Processing Equipment (Fryer, Griddle, Grill, Slicer, Scale) Furniture from Waiting and Dining Areas, Patio Work tables, Prep Tables, Butcher Block Tables Order System, POS For-Here and To-Go Dining Needs – Dishes, Flatware, Serving Equipment Any Other Non-Permanent Assets in the Property After reviewing the information you will receive a FREE, no-obligation cash offer. Once the offer is accepted our team will immediately begin scheduling your extraction using qualified labor and proper tools and transportation. Still owe on your equipment? Leases? Multiple owners? Franchise agreements? Outstanding debt? IT DOESN’T MATTER. We can help. CALL NOW!! We Know the Butcher Shop Business When opening a new deli, owners must consider their regional area and select a location that will allow maximum visibility and profitability. Some markets seem to strongly prefer delivery options, utilizing the convenience of food delivery options such as GrubHub, DoorDash, Uber Eats, Postmates or Caviar, while others choose to more frequently dine in. Outdoor dining on a patio, porch or other dedicated space can increase in the warmer seasons for variable climates, and year-round in warmer states will increase your traffic, especially when paired with an outdoor bar. It is best to offer a space specifically for those non-smoking guests if your state allows for smoking indoors. Since delis are typically well-known for quick service, having pre-made to-go options for your guests can increase your average ticket as well. The average cost to open a delicatessen in the US is $125,000.00. When starting from scratch and designing a build-out to open a new location it should be mentioned that you should expect at least 12 months before beginning to see a profit – maybe even longer when taking into account labor shortages resulting in higher wage requirements, food and beverage shortages along with reduced capability to provide expedited delivery of those commissary orders resulting in higher costs, higher security deposits or stricter lease terms and requirements for lessors since landlords, property owners and commercial property owners that lease restaurant spaces have experienced a higher incidence of broken leases, bankruptcies, non-renewals or simple business abandonment due to the large amounts of loss suffered in lieu of profits for these businesses. In addition, the owner needs to consider whether they can await profitability while maintaining their own financial responsibilities and while awaiting the business to generate enough profit to properly pay them for the many hours they will be putting into the business. Anyone who has ever owned an Asian restaurant or buffet or any other type of food establishment knows that working twice as hard for half as much is almost a given, usually it needs to be enough working for the simple reward of a business that makes enough money to make up for all of the time and energy they have poured into their family business or franchise. Although the term “deli” or “delicatessen” is usually a combined grocery store and restaurant, many independent delis have been spreading across the US as more Americans prefer to take their meals to-go. Many consumers consider the quality of meats available at a deli to be considerably higher than the average broad-concept store. Finding specialty items like homemade kettle chips or house-made pickles can create a loyal following for customers that enjoy them. The most famous delicatessen in America is located in New York. Katz’s Delicatessen was established in 1888 and still serves hungry lunch-goers and foodies today. It is estimated that for every 1,000 butcher shops that open, only 30 will remain open after 5 years, with 900 of those closing within the first year. If you are considering selling your butcher shop, you already know the market. It is best to sell fast - sell NOW - before thousands of other bars like yours flood the market, devaluing your investment right alongside the daily depreciation factors.
