Investment in a Winner!

Atlantic County, NJ

Investment in a Winner!

Asking Price:$200,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$600,000

Inventory:N/A

Real Estate:$500,000*

Established:2016

*not included in asking price.

Investment in a Winner!

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Business Description

We are seeking an investment participant in the amount of 200k offering a preferred accumulated return of 12% annually for a term of 24 months. We bought the real estate in cash and have added over 200k in equipment and improvements. Funds will be utilized for expansion of kitchen and deck to accommodate our burgeoning customer base. Exit strategy for investment participant is permanent financing takeout within 18 to 24 months. Under the above terms, we will offer a 2% of net profit residual payment annually for 8 years after takeout.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
4ft 6pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Freestanding Bar Restaurant on major road through Atlantic County. Brand new bar, tap system, walk-ins, refrigeration, dumb waiter, flooring and kitchen. Outdoor deck is 20 x 30 but needs expansion.
Competition:
We have had a high impact on the market when we opened 4 months ago. We are the buzz of the market on local radio and social media.
Growth & Expansion:
Near term our growth is steady with great food and unmatched atmosphere. Expansion is our focus for long term success.
Support & Training:
Come see us operate.
Reason for Selling:
Expansion

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John Dugan

Business Listed By:
John Dugan

John Dugan

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