Bar Restaurant South Jersey Shore Resort
Location: New Jersey > Cape May County
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $8,500,000
Gross Revenue: $1,800,000
Cash Flow: $472,760
Inventory: $50,000 (Not Included in Asking Price)
Business Summary
Oceanfront bar/restaurant seats 450. Parking lot is licensed to sell alcohol. Many events throughout the year that accommodate up to 1000 customers at a time by utilizing tents in the parking lot. Just Completely renovated 5 years ago. Owner put in $1,500,000 in upgrades. 80% of business May-Sept. Can build up 3-4 stories for a hotel above the restaurant.
About the Business
Year Established: 1992
Employees: 15 full time -
Facilities: Oceanfront bar and restaurant with seating for 450 and parking for 30 Could build up 3-4 stories for hotel.
Market Outlook and Competition: Just got permit to expand deck for next summer
About the Sale
Management Training and Support: Two Weeks
Reason For Selling: Other Interests
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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