Business Overview:
A profitable Deli Luncheonette & Restaurant Caterer located in a commercial area and seashore community of Cape May County, New Jersey. This business opens during the summer for 5 months every year, from May to September, and produces an outstanding yearly gross volume of $350,000. The facility is located on a commercial avenue just minutes from the boardwalk and many other retailers in this tourist city. The facility is ample, with a large commercial kitchen and attractive décor and the property also has two apartment rentals. The location has indoor and outdoor seating as well as parking for its patrons. If opened year round, the business can generate sales over $400,000 with a generous profit for the owner. The previous owner enjoyed many successful years in business and is now deceased. The family is motivated to sell and will provide financing and an option on the purchase of the real estate property, which is available through our real estate division. This is a solid business with an excellent reputation!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in a seashore community and touristic area of Cape May County New Jersey, close to the beach and boardwalk. The business has a central commercial location with a high volume of walk in customers. The facility consists of 1,400 square feet with a capacity for 120 customers inside plus additional outdoor seating. The seller will supply a long term lease with a monthly rent of approximately $3,500 triple net. The seller will also provide an option on the purchase of the Real Estate property, which is available through our real estate division.
Market Competition and Expansion:
No similar competitors exist in the general area.The business is open 5 months per year and should expand to a 12 month operation, which will substantially increase the income.
Reason for Selling:
Retirement out of the industry
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.