Fine dining beach restaurant

Long Beach Island, NJ (Ocean County)

Fine dining beach restaurant

Asking Price:$499,000

Cash Flow:$180,000

Gross Revenue:$650,000

EBITDA:N/A

FF&E:$400,000

Inventory:$5,000*

Established:2003

*not included in asking price.

Fine dining beach restaurant

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Business Description

Upscale dining at its very best, two spectacular dining rooms, One can hold 50 plus customer for private dining. There is no better location on the Island. Plenty of drive by traffic along with foot traffic due to plenty of beach style stores in the area within walking distance. This Chef inspired kitchen has it all a 20 plus sautee area over sized walk-in with freezer. The 30 foot hood vent is top of line. This free standing building has a remarkable lease for the area. Only $4000 per month including taxes, insurance and rent. The reputation is so good it is one of the few Island restaurants open all year round.
A new operator can increase sales by opening for lunch and possibly enjoying the luxury of closing for the off season or continuing being open all year round

Detailed Information

Inventory:
Not included in asking price
Employees:
5 ft 25 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free standing one block off the beach
Financing:
400K down
Support & Training:
2 weeks
Reason for Selling:
other opportunities

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Ricky Macaluso

Business Listed By:
Ricky Macaluso

National Restaurant Properties

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