Asking Price: $1,599,000 Gross Revenue: $850,000Cash Flow: $362,000EBITDA: $362,000Inventory: Not Disclosed FF&E: $150,000 included in asking priceReal Estate: $1,300,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Cape May County, New Jersey
Number of Employees:
3FT - 10PT
Building Sq. Ft.:
Large corner property. Seats 170. 2 outside seating areas.
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. See our
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