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Listing ID: 3168114

American/Kosher Style Deli For Sale

Camden, New Jersey, United States

not disclosed

(Furniture / Fixtures included)

Revenue: $ 2,100,000

Cash Flow: $ 206,000

Business Description

High volume and recently fully remolded American / Kosher style restaurant deli serving breakfast and lunch. Since 1997, this deli has been one of central Jersey's best-kept secrets, offering a dining menu of more than 200 items with full catering services. The business is open 7 days a week and has built its reputation on using only the highest quality ingredients and providing the best possible service. Conveniently located in a popular commercial mall, this deli is the ideal place for dining and catering needs. They have a large selection of mouth-watering cakes, creamy cheesecakes and delicious seasonal specialties. This deli excels at catering special occasions and corporate events, from full hot buffets to soups and sandwiches for 10 to more than 100 guests, they will prepare to your specifications. High volume and recently fully remolded American / Kosher style restaurant deli serving breakfast and lunch. Since 1997, this deli has been one of central Jersey's best-kept secrets, offering a dining menu of more than 200 items with full catering services. The business is open 7 days a week and has built its reputation on using only the highest quality ingredients and providing the best possible service. Conveniently located in a popular commercial mall, this deli is the ideal place for dining and catering needs. They have a large selection of mouth-watering cakes, creamy cheesecakes and delicious seasonal specialties. This deli excels at catering special occasions and corporate events, from full hot buffets to soups and sandwiches for 10 to more than 100 guests, they will prepare to your specifications. This is a wonderful business opportunity. The business has an assignable commercial lease which expires 4/30/2021 plus additional options, cost per square foot is $26.50 with a monthly rent of $11,306.67, cam $4,624 and rent security $15,000. Rent increases every 30 months of $1.50 per sq. ft. This is a wonderful business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

5120

Property Type:

Lease

FF&E:

$ 256,187

Other Details

Business Location:

This retail facility which consist of 5,120 square feet with a modern professional appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is in Central / South New Jersey, Camden County, which consists of various affluent communities with continued demand for this industry.

Competition:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Expansion Potential:

The business presently has a limited marketing plan, basic web site and if improved can further develop the business bottom line net income.

Operation Details

Employees:

28

Support & Training:

The owner will remain post-closing for to supply an appropriate transitional period to the new operator.

Miscellaneous

Financing Available:

Yes
Available with an appropriate down payment.

Reason For Selling:

The owner is retiring after forty years in this food service industry.

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