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American/Kosher Style Deli For Sale

Camden County, New Jersey, United States
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Asking PriceUndisclosed
Revenue$2,000,000 Established1997
Cash Flow$225,000 Employees28 full-time
FF&E$275,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
High volume and recently fully remolded American / Kosher style restaurant deli serving breakfast / lunch with previous yearly gross sales of $2,000,000 and a net yearly income of $225,000. Since 1997, this Restaurant and 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 the Restaurant and Deli has built its reputation on using only the highest quality ingredients and providing the best possible service. Each staff member shares this commitment, treating their customers like family. Conveniently located in a popular commercial mall, the Deli is the ideal place for your dining and catering needs. Whether it is an early morning business meeting or a leisurely family brunch, this Restaurant has a full breakfast menu, featuring eggs, omelets, pancakes, French toast, waffles, fruits, and their famous smoked fish platters. They also have full breakfast specials Monday through Friday. They offer entrees such as, sandwiches, wraps, salads and soups. These are just some of the items you can find on the menu. This includes award-winning favorites like Soups and New York Style Steamed Corned Beef or Pastrami sandwiches. For their vegetarian guests, their menu features several options ~ two of the most popular being the grilled veggie wrap or their grilled vegetable platter. They have a large selection of mouth-watering cakes, creamy cheesecakes and delicious seasonal specialties. This Restaurant and 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 industry does not require government agency approval to purchase. This business has 28 employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $33,000. The business has an assignable commercial lease which expires 2027-01-01 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. The business is in a free stranding facility which consists of 5,120 square feet has a capacity for approximately ninety customers. The business assets have an estimated value of $275,000 and the sale consists of a fully equipped Restaurant Deli which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 8:00 am to 9:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. 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.
Facilities: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.
Growth Potential:The business presently has a limited marketing plan, basic web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for to supply an appropriate transitional period to the new operator.
Seller Financing:Conditionally approved to a qualified buyer.
Sale Reason:The owner is retiring after forty years in this food service industry.
Ad #97999
Seller Reference #DELI257
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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