Condo/Hotel with Large Bar/Rest for Sale in Cape May County, NJ

Cape May County, NJ

Condo/Hotel with Large Bar/Rest for Sale in Cape May County, NJ

Asking Price:$13,000,000

Cash Flow:$850,230

Gross Revenue:$2,791,030

EBITDA:$850,230

FF&E:N/A

Inventory:N/A

Established:2007

Condo/Hotel with Large Bar/Rest for Sale in Cape May County, NJ

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Business Description

Condo/Hotel with Large Bar/Rest for Sale in Cape May County, NJ

Condos with large bar/restaurant for sale in Cape May County, NJ. 3 Floors of residential units, 24 Units , 11 2 bdrm,2bath, 12 1 bdrm, 1 bath. Extra lot parking with house for summer rentals 1-1 bdrm and 1 bath-lrg. All furnished & decorated. Beautiful large 14,000 sq ft bar/restaurant with pool & close to beach. Season is May-Nov. Occupancy for bar is 570, without tables 1,000. 75% Bar 25% food. Facility is only 8 years old. Gross sales for bar area $2.3 million. Needs owner operator.

Detailed Information

Employees:
15 FT; 57 PT
Support & Training:
2 weeks

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Eleanor Murray

Business Listed By:
Eleanor Murray

Murray & Associates

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