Bar/ Restaurant With Water Views and Real Estate For Sale in S Jersey

Asking Price$4,995,000

Cash Flow

EBITDA$596,565

Gross Revenue$2,825,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price
Real Estate$4,000,000
Included in asking price
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Bar/ Restaurant With Water Views and Real Estate For Sale in S Jersey


Asking Price$4,995,000

Cash Flow

EBITDA$596,565

Gross Revenue$2,825,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price
Real Estate$4,000,000
Included in asking price

Seller Financing Available
Business Description
Bar/Restaurant/Event Venue With Real Estate
Bar/restaurant with beautiful water views for sale in South Jersey. This 11,550 sqft. facility sits on 4 scenic acres with additional outdoor dining space. Features an upscale indoor dining area, with separate large indoor sports bar, and a lively outdoor bar & deck. There are 2 private event spaces, one for smaller more intimate gatherings and another beautiful room for larger events for seating up to 200. This business does 70% bar restaurant sales and 30% private events.
About the Business
Years in Operation
25
Employees
32 (12 Full-time, 20 Part-time)
Facilities & Assets
Indoor seating for 205, outdoor seating for 195, main banquet room seats 195, and secondary banquet room for smaller events seats 42. Liquor License value of $450,000.
Opportunities for Growth
Current hours of operation are M-Thurs 11am-10pm, Fri & Sat 11am-12am Sun 11am-9pm. Closed Christmas and Fourth of July
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
11,550
About the Sale
Seller Motivation
Retiring
Transition Support
2-4 Weeks
Financing Options
$1,500,000 down, seller will hold note at 7% with a 5 yr ball and 20 yr amortization
Listing Info
ID
2415340
Listing Views
791

Contact Seller

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Business Listed by: Maureen Murray-OMalley Murray & Associates

Listing ID: 2415340 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 full Terms of Use. Learn how to avoid scams.


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