Bar Restaurant w/RE for Sale in Cape May County!

Cape May County, NJ

Bar Restaurant  w/RE for Sale in Cape May County!
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Asking Price: $1,599,000

Cash Flow: $362,000

Gross Revenue: $850,000

EBITDA: $362,000

FF&E: $150,000

Inventory: N/A

Real Estate: $1,300,000

Established: 1998

Bar Restaurant w/RE for Sale in Cape May County!

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Business Description

Bar Restaurant w/RE for Sale in Cape May County!

Bar restaurant for sale in Cape May County with real estate. Excellent location close to beach block. Current appraisal on file for $1,600,000. This is a beautiful bar/restaurant that has been recently remodeled to add large bar and open air windows, seats 170 inside and out. Seasonal business opened for dinner only during week June thru September and opened weekends only in Fall. Closed for winter. This is a large corner property with two outside seating areas and three apartments that can rent seasonally for $39,000 combined. Great turn key business.

Detailed Information

Location:
Cape May County, NJ
Real Estate:
Owned
Included in asking price
Building SF:
2,400
Employees:
3FT - 10PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large corner property. Seats 170. 2 outside seating areas.
Competition:
Great location. Close to beach block
Support & Training:
2-4 Weeks
Reason for Selling:
Other Interest
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Eleanor Murray

Business Listed By:
Eleanor Murray

Murray & Associates

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