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Restaurant/Luncheonette

New Jersey (Cape May County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price $740,000 Inventory $2,000** 
Gross Income $419,000 Real Estate $329,100* 
Cash Flow $125 Year Established 1984
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

GO HOME AT 2:00PM DAILY!! This Cape May County luncheonette has been an institution for over 25 years. Located on a busy highway, the restaurant serves breakfast and lunch, in a down home country setting. Restaurant was recently renovated and seats 60 plus. Sales are 60% Breakfast and 40% Lunch. New owner/operator could add dinner, ATM, and even lottery to increase the bottom line. Sale includes the real estate the restaurant is on and a separate 1 bedroom rental apartment. Owner will consider selling business separate from real estate. Cash flow projected is for one full-time owner/operator.

Facilities: 2500 sq ft free standing building

Seller Financing Available: Yes

Financing: 190,000

Support/Training: 2 weeks

Business For Sale By

Tannenbaum & Aalok

800-662-9507

Tannenbaum & Mehta

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