18 Hole Golf Course

Atlantic County, NJ

Seller Financing Available
18 Hole Golf Course
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $637,640

EBITDA: N/A

FF&E: $161,913

Inventory: $5,000

Real Estate: N/A

Established: 1971

18 Hole Golf Course

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Business Description

Excellent purchase opportunity to acquire this 18-hole public golf course located on approximately 100 acres with additional sections for 22,000 sqft club house and restaurant, and an 1,800 sqft guest house on a total of 215 acres in the heart of the New Jersey Pinelands. The site is 30 minutes from both Philadelphia and Atlantic City and this Golf and Country Club is the perfect day trip for visitors to the area and the favorite home course to many New Jersey residents. The business is in Atlantic County on a convenient road close to various state highways. This Golf & Country Club is the perfect setting for an easy afternoon of bocce with friends and enjoy the vistas in the heart of the Pinelands while making new memories. With numerous trails winding through the two hundred acres of Pinelands that makes up Golf & Country Club and Catering facility, there is not a lack of nature to discover. From majestic oaks to wild blueberry bushes, there is a diversity of species that can only be found in these unique acres that make up the New Jersey Pinelands. Guests are asked to pre-register for guided tours which are available daily and range from meandering bird watches to invigorating aerobic hikes. With thousands of books to read and explore, the Reading Room at the Golf & Country Club is the perfect place to find a cozy corner where you can curl up in front of the fireplace and escape from life’s worries into a remarkable story. From classics to modern day tales to non-fiction to daily newspapers and periodicals, the Reading Room provides something cerebral for everyone. This Golf & Country Club & Restaurant is rooted in what comes from local farms as well as the region. Their culinary style wanders the line between refined and rugged, borrowing from both city cuisine and the country food indigenous to the Pinelands’ rich history. Their culinary team has crafted offerings based on the bounty of the season, local heirloom gardens, and the foods of our family’s heritage. It is their desire to present its culinary creations in ways that are comforting and familiar, with a constant deference for the farm-to-table perspective. They offer lunch four days a week or enjoy a fine dining experience on Friday and Saturday nights and you will understand our commitment to bringing our guests the very best of Pinelands’ cuisine and beyond. This Golf & Country Club has built upon those core principals of quality, consistency and friendliness of service to become leaders in the catering industry. This industry requires government agency approval to purchase due to the transfer of the state issued liquor license. This business has approximately ten full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $15,000. The business assets represented by the corporate tax returns have an estimated value of $161,913, including an 18-hole golf course, a restaurant which includes a consumption liquor license, commercial kitchen and all of the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business is active four days per week, with hours from 8:00 am to 8:00 pm. The sale includes a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued based on the liquor license, assets, a multiple of the net yearly income and the value of the 215 acres and property. Also, seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
23,800
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The various facilities consist of two independent structures, restaurant and one other building with a total square footage of 23,800 square feet. The entire property consists of 215 acres on an active county road located in Central South New Jersey, Gloucester County, which consists of various affluent communities with continued demand for this particular food service industry.
Competition:
To the best of our knowledge, due to the cost of upgrading and difficulty with obtaining a liquor license, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
This restaurant and golf range requires upgrading in order to increase the gross income.
Financing:
Is available to qualified buyer with an appropriate down payment.
Support & Training:
The owner will remain post-closing to supply an appropriate transitional period to the new operator.
Reason for Selling:
The seller / owner is retiring after many years in this industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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