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    Westfield Avenue

    PENNSAUKEN, NJ 08110
    • $374,900
    • STATUS: Active
    • ON SITE: 131 days
    • MLS #: NJCD392196
    $374,900
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    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. 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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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. 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. Data last updated: 2020-09-20T23:49:43.617.
    www.premiergroupnj.com/homes/105790625
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    Westfield Avenue PENNSAUKEN, NJ 08110

    • Price: $374,900
    • Status: Active
    • MLS #: NJCD392196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    Pennsauken Twp (20427)
    County:
    Camden
    Area:
    Pennsauken Twp (20427)
    School District:
    Pennsauken Township Public Schools
    Property Description
    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. 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.
    Exterior Features

    Construction Materials Block Garage YN No Location Type Business District Lot Features Landscaping Parking Features Paved ParkingPublic Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type None Roof Flat Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 2500.00 Cooling Central A/C Exclusions List Of EquipmentFixtures And Furniture Excluded Are Listed in The Executive Summary And Available From The Listing Agent. Flooring Vinyl Heating Forced Air Heating YN Yes Inclusions List Of EquipmentFixtures And Furniture included Are Listed in The Executive Summary And Available From The Listing Agent. Net Square Feet 2500.00 Security Features Carbon Monoxide Detector(S)Security System

    Property Features

    Acceptable Financing ConventionalSeller Financing Accessibility Features NoneGrab Bars Mod Annual Gross Expense 72466.68 Assessment Year 2019 Association YN No Business Type Restaurant/BarOther Central Air YN Yes Cooling Fuel Natural Gas Elevators 0 Entry Level 1 Foundation Details Slab Gross Income 379082.45 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Incorporated City Name Pennsauken Twp Lease Considered YN No Navigable Water YN N Net Operating Income 83301.10 New Construction YN No Number Of Units Total 2 Operating Expense Includes AdvertisingCable TvElectricHeating/CoolingInsuranceRepair/MaintenanceSewerTrashWaterOther Original MLSNumber 304106057612 Other Expense 223314.67 Owner Pays Accounting/LegalAdvertising/Licenses And PermitsAir ConditioningAll UtilitiesCable TvElectricityGasHeatInsurancePayrollRepairsServices (All)SewerSuppliesTaxes - Real EstateTrash CollectionWaterOther Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3505.00 Tax Assessment Amount 202700.00 Tax Lot 00013 & 00014 Utilities Cable TvMultiple Phone Lines Vacation Rental YN No Water Source Public Year Built Effective 2010 Zoning 7C

    Listing courtesy of Century 21 Thomas Realty Inc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. 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. Data last updated: 2020-09-20T23:49:43.617.
     
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    Premier Group NJ at RE/MAX Central
    520 Highway 9 North
    Manalapan NJ, 07726