Westfield,  Pennsauken NJ, 08110

(Active)
$375,000
|
2 baths, 2,500 sqft
|
MLS# NJCD392196
1of
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Last Updated: 6/6/2020 7:09 PM
Description for Westfield Pennsauken, NJ 08110
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.
Price
$375,000
CAMDEN
2
2,500 (approx)
NJCD392196
Active
Description
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.
Listing Information
Property Type: Mixed Use, Other
2 0.12 Acres
ES 2,500 (approx) $150
Slab
Gas Water Heater, Public Water Service
Public Sewer
Cable TV
2 Total
Neighborhood
Room Information
Interior Features
Carbon Monoxide Detector
Vinyl
Central Air, Gas
Gas Heat, Forced Air
Exterior / Lot Features
Public
Flat
None
37 x 140
7C
Landscaped, Central Business District
Driving Directions
Contact Listing Agent
Financial Considerations
$3,505
2019
Listing Price History

Pennsauken Real Estate

Pennsauken is located in New Jersey. Pennsauken, New Jersey 08110 has a population of 35,486.

The median household income for the surrounding county is $54,712 compared to the national median of $50,013. The median age of people living in Pennsauken 08110 is 39 years.

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Courtesy: C-21 Thomas Realty Inc
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