School District: Pennsauken Township Public Schools
Address: WESTFIELD AVE
State: New Jersey
Unique opportunity to acquire an acclaimed and successful Deli/Catering business that has been operational for over 60 years. The low price of $229,000 includes the Business itself, the Deli and its storefront (1250 sf) with off-premise catering, Goodwill & Name Recognition, Furniture, Fixtures and Equipment dedicated to the Deli store front, and Low-mileage catering van. (inventory not included). Included with the sale are the long-held recipes of homemade Italian cuisine and the well-respected name of the Business. This well known, popular Delicatessen has been busier than ever - even now - since it has always been a pick-up/take-out establishment. In fact, Deli sales have increased steadily since July 2020, exceeding the previous year's total sales (Deli & Catering) just about every month. Total sales for Jan 2021 were 46% higher than Jan 2020, and off-premise catering sales are now returning to more normal levels, even with no marketing. 2021 total revenue for the Deli and off-premise catering is expected to exceed that of any of the past 4 years. The parking lot is Township owned, maintained and plowed; a significant savings to the business. Each unit has separate utilities. Seller Financing will be considered. An Executive Summary with past, current, and projected Proformas and other detailed information is available. Financial information and showings are available to serious, qualified buyers only. The current owners are ready to retire and offer this unique opportunity to a savvy entrepreneur. A 30-dayTraining/Transition period is available. The adjoining catering hall store front (1250 sf) is available separately (NJCD416064) or as a package with the Deli store front, which would add on-premise catering to the total revenue (NJCD392196).
Courtesy of: Century 21 Thomas Realty Inc Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th September, 2021 6:23 PM