Multi-use Building

Seaside Park, NJ (Ocean County)

Seller Financing Available
Front

Asking Price:$699,000

Cash Flow:$19,111

Gross Revenue:$175,642

EBITDA:$23,118

FF&E:N/A

Inventory:N/A

Real Estate:$699,000

Established:1921

Multi-use Building

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Business Description

This is an opportunity to own a long time well-established Seaside Park business. White Oak Market is a well know and respected business in the Park. This property is commercial on the first floor as well as two additional floors of residential space. Currently two rented apartments and third floor with a bath that is used for storage. Front apartment is 1/2 bedrooms and the back apartment is 2 bedrooms. This property includes the company name of ''White Oak Market'' (good will), the fixed assets for the business, and the building. Currently the business operates for the summer 3 months(owner is gradually moving to retirement) Previously business operated year round and sustained itself. The property has low maintenance siding, newer floor and deck. Great turn key business in the park.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,902
Employees:
8
Facilities:
This is an opportunity to own a long time well-established Seaside Park business. White Oak Market is a well know and respected business in the Park. This property is commercial on the first floor as well as two additional floors of residential space. Currently two rented apartments and third floor with a bath that is used for storage. Front apartment is 1/2 bedrooms and the back apartment is 2 bedrooms. This property includes the company name of ''White Oak Market'' (good will), the fixed assets for the business, and the building. Currently the business operates for the summer 3 months(owner is gradually moving to retirement) Previously business operated year round and sustained itself. The property has low maintenance siding, newer floor and deck. Great turn key business in the park. (Home Based)
Competition:
This is a local deli and convenience store with two residential apartments on the second floor with long term rentals. The only other competition in the area is other local delis and a one 7 Eleven franchise. Currently a seasonal business in a summer resort down of Seaside Park. Located two blocks from the ocean.
Growth & Expansion:
Real estate is included, so the 3,000 square feet of first floor commercial space could be modified to fit any restaurant, office or retail need.
Financing:
TBD
Support & Training:
Owner is willing to train and support new purchaser.
Reason for Selling:
Owner retiring
Home-Based:
This business is Home-Based

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Michael Little

Business Listed By:
Michael Little

Keller Williams Shore Properties

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