Bar Restaurant w/RE for Sale in Cape May County!

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Asking Price:
$1,599,000

Gross Revenue:
$850,000
Cash Flow:
$362,000
EBITDA:
$362,000
Inventory:
 Not Disclosed

FF&E:
$150,000
included in asking price

Real Estate:
$1,300,000
included in asking price

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Business Description

Bar restaurant for sale in Cape May County with real estate. Excellent location close to beach block. Current appraisal on file for $1,600,000. This is a beautiful bar/restaurant that has been recently remodeled to add large bar and open air windows, seats 170 inside and out. Seasonal business opened for dinner only during week June thru September and opened weekends only in Fall. Closed for winter. This is a large corner property with two outside seating areas and three apartments that can rent seasonally for $39,000 combined. Great turn key business.

About the Business

Location:
Cape May County, New Jersey
Year Established:
1998
Number of Employees:
3FT - 10PT
Real Estate:
Owned
Building Sq. Ft.:
2,400
Facilities:
Large corner property. Seats 170. 2 outside seating areas.
Market Outlook/
Competition:
Great location. Close to beach block
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About the Sale

Reason For Selling:
Other Interest
Training/Support:
2-4 Weeks

Listing Info

ID:
1574481
Ad Detail Views:
0

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Business Listed by

Eleanor Murray

Murray & Associates

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