Asking Price: $5,500,000 Gross Revenue: $1,900,000Cash Flow: $708,000EBITDA: $708,000Inventory: $10,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $2,000,000 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.
Restaurant/Bar for sale in Cape May, NJ. Same owner 25 years. Short hours. Seats 230 people. Valuable Liquor License. Need 1.5M down. Cash flow $708k. Needs owner operator. Summer hours: May 1 -Oct. 15 - 7 Days - Bar 4-9pm Dining 5-9pm. Closed 10 weeks plus Thanksgiving, Christmas & New Years. Restaurant on 4 separate lots. Perfect upscale location for chain. Can open for lunch to increase business $500,000.
About the Business
Cape May County, New Jersey
Number of Employees:
Building Sq. Ft.:
Close to beach. Seats 230 people. Immaculate condition. Short hours. Can expand into lunch and add longer hours for bar.
Really great location. Large lot. Can build on to expand. Restaurant every evening is 100% occupied.
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