Business For Sale

American Kosher Style Deli

Not Disclosed, NJ
Camden County


Asking Price: Annual Revenue:
$699,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: American Kosher Style Deli Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $699,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $225,000
Total Debt: Not Disclosed
FF&E: $275,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 28
BBN Listing #: 17703909
Broker Reference #: DELI268

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Business Overview:

High volume and recently fully remolded American / Kosher style restaurant deli serving breakfast and lunch with previous yearly gross sales of $2,000,000 and a net yearly income of $225,000. 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 your dining and catering needs. Whether it is an early morning business meeting or a leisurely family brunch, this deli has a full breakfast menu, featuring eggs, omelets, pancakes, French toast, waffles, fruits, and their famous smoked fish platters. They offer entrees such as, sandwiches, wraps, salads and soups, these are just some of the items you can find on the menu. For their vegetarian guests, their menu features several options. 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 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 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. The business assets have an estimated value of $275,000 and the sale consists of a fully equipped Restaurant Deli. 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.

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Property Features and Assets:

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.

Market Competition and Expansion:

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

Reason for Selling:

The owner is retiring after forty years in this.

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.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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