Westfield Ave, Pennsauken, NJ 08110
sale $375,000 | Commercial-Other
Listed By CENTURY 21 Thomas Realty
Century 21 Thomas Realty is pleased to announce the opportunity to acquire an acclaimed and successful Deli/Catering business that has been operational for over 50 years. Well known with rave reviews, this unique and popular Delicatessen has been busier than ever - even now - since it has always been a pick-up/take-out establishment. Included with the sale are the long-held recipes of homemade Italian cuisine and the well-respected name in the business. With 2 store fronts on the corner of the adjoining Parking lot for 50+ cars, there are value-added opportunities to increase the revenue dramatically as outlined in the available full Executive Summary. For instance, there is a Class-C liquor license available for sale in Pennsauken, currently listed for sale at $110,000. This could provide options for the new owner to potentially convert the catering hall store front to a liquor store, a bar/restaurant, or a brew pub for example, while still operating the Deli store front and offering off-premise catering. Notwithstanding the liquor license, the catering hall could be transitioned into a BYOB Bistro, or leased out for additional income to any type of business. The parking lot is Township owned, maintained and plowed; a significant savings to the business. Each unit has separate utilities. The catering hall was renovated within the past 10 years. Seller Financing is available with strong offer. 30-day Training/Transition period is available. Current cap rate is 22%. A complete Executive Summary with current Proformas, Projections and a 5-year Projected Revenue chart is available through the Listing Agent with an NDA and POF. The Executive Summary includes a list of Equipment, Fixtures and Furniture, valued at approximately $125,000, which are included. The current owners are ready to retire and offer this unique opportunity to a savvy entrepreneur.
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- Cross Docks: N
- For Auction: N
- MLSID: NJCD392196
- Parking Places: 50
- Price Upon Request: N
- Style: Other Style
- Sublease: N
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