$374,900
For Sale
Sq.Ft | 0 Bed | 0 Bath

westfield ave pennsauken nj 8110

For Sale
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Overview

Don't miss this unique 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. Note that Deli sales volume for the 3rd quarter of 2020 Exceeded that for the 2019 3rd quarter by 2.9%, and that is without normal catering sales. When catering returns to more normal levels, revenues could increase even more. 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 a 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. The Executive Summary includes a list of Equipment, Fixtures and Furniture, valued at approximately $125,000, which are also included. The current owners are ready to retire and offer this unique opportunity to a savvy entrepreneur.

Quick Facts

County
CAMDEN
Type
Commercial Sale
Parking
-
Year Built
-
Lot
5180Sqft
Heating
Forced Air
Cooling
Central A/C
Price/Sq.ft
149.96
Basement

Taxes and Assessment

Tax Annual Amount:
$3,505
Tax Year:
2019
Country Tax:
-
Tax Assessment Amount:
$202,700
Assessment Year:
2019
Zoning:
7C
Land Use Code:
-
Section:
-

Listing Provided By

Agent Name:
Elaine C Gulliford
Phone:
6092066313
Office:
Century 21 Thomas Realty Inc
Source:
BRIGHT
Days On Market:
218
Sold Date:
-
Came On Market:
2020-05-12

MLS Disclaimer: Copyright Bright MLS. All rights reserved. Information is deemed reliable but not guaranteed.

Last Property Change: 2020-12-15 04:00:00 AM
Last Property Check: 2021-07-26 08:00:00 PM
© 2020 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Federated Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Federated Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.

Historical Listing

  • Sold Date: 2021-05-13
  • Sold Date: 2021-04-20
  • Sold Date: 2020-12-15

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