Procision Business Brokers, an affiliate of Procision Commercial Realty, recently brokered the sale of Uncle Mike’s Arcade in Sea Isle City, NJ. Rob Beach, President of Procision, successfully marketed the Arcade for sale and mediated the negotiations on behalf of the parties. “This long established business represented a great opportunity to own a successful lifestyle business at the Jersey Shore. The Arcade offered many attractive features including direct boardwalk access, a mix of classic and modern gaming choices, growing sales and a repeat client base that includes generations of family vacationers,” said Rob Beach.
Located directly on the boardwalk along the promenade of the Spinnaker Condominium Building, the arcade originally opened in the 1970’s. The Seller, Michael Dolio, purchased the business as a teenager in 2010 after formerly working there as a young boy. Michael operated the business along with his partner and mother, Kitty Dolio, while attending Villanova University and received local recognition for his entrepreneurial spirit and success at such a young age. “What a rewarding experience for both Michael and I and what a tough decision it was to sell. We will never forget the family and friends that we met and the excitement of running such a fun business,” quoted Kitty.
The new owners, Anthony Shea and Todd DeMott, are veteran operators with a wide range of experience in opening and enhancing Arcade operations. Upon purchase, the team wasted no time in transforming the facility and rebranding the operation with a new name, Shorecade. “As friends and former coworkers, we would constantly bounce ideas off each other on what type of operation we would open and how we would feature outstanding customer service, value and a customer experience that would exceed our competition,” said Anthony Shea. “Then, finally, we got our shot! An Arcade in Sea Isle City was for sale by the name of Uncle Mikes and we jumped on it. The location, the view, and the demographics were perfect for what we knew we could provide. After the paperwork was all finished, Todd and I wasted no time on getting the new Shorecade transformed into what our vision is. A new paint job, sound system and wifi was added; as well as fifteen new arcade machines (including air hockey!). In addition to that, we had new and fresh ideas such as our ticket wheel to spin with a purchase of every twenty dollars or beating the owner’s score on a basketball game for bonus tickets. “We are so excited to join the Sea Isle business community and we look forward to continuing the family tradition at the Arcade!”
About Procision Business Brokers
Founded as a Business and Commercial Real Estate Brokerage, Procision Business Brokers & Commercial Realty offers one-stop, synergistic services for Business Owners, Investors, Landlords and Tenants alike. Through their Comprehensive Suite of Business Services and Transaction Solutions, Procision serves the needs of the Greater Philadelphia and South Jersey Region. For additional information, please visit the company’s website at www.Procisionbb.com or contact Robert Beach at 856-228-5151.