Downtown Cape May Business For Sale

Cape May County, NJ

Downtown Cape May Business For Sale
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Asking Price: $175,000

Cash Flow: $54,487

Gross Revenue: $169,775

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,100 /Month

Established: 2018

Downtown Cape May Business For Sale

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Business Description

A Visitor and Local Favorite - The Depot

An opportunity to run your own food business in downtown Cape May! "The Depot" is a longstanding fixture for Cape May locals and visitors alike. The current owners have lovingly and painstakingly rebuilt the Depot brand which has become synonymous with an appealing menu, quality ingredients, and a much needed casual vibe for the Cape May center. Located only one block to the Washington Street Mall, the Depot is being offered turn-key including equipment, furniture, fixtures, menu/recipes, and goodwill. In the FIRST 12 operating months of business the Depot has generated almost $170,000 in revenue! Coupled with an affordable lease in a central and desirable area the future owners will be set for success! This location features inside AND al fresco dining, food delivery, and catering. Parking is also available on site. New additions include updated branding and marketing, equipment, additional food storage, and improved spaces for diners. Due to evolving careers and new opportunities the current owners must part ways with a business they love, so now is your chance! Sellers are willing to offer training/transition period so the new owners are comfortable and ready to have the baton passed over. Call for a private showing or ask your agent about more specific information on this Cape May business opportunity.

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Detailed Information

Location:
Cape May County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
5/31/2021
Competition:
The Depot is a casual seat yourself dine-in experience, take out, and catering establishment. It is a much needed casual dining fixture in the heart of Cape May, located one short block to the Washington Street Mall.
Growth & Expansion:
This is a newer business where life changes have forced the current owners to put the business up for sale. The current owners have rebranded this long time Cape May fixture and have brought this local favorite back to life. There is opportunity to grow the business by continued evolution of the restaurant's audience and through expanded hours of operation and expanded seasons, which the current owner's personal schedules does not allow.
Support & Training:
Seller is willing to offer a training and transition period, to be determined at time of negotiating contract.
Reason for Selling:
Family and Career Opportunities, although the sellers wish they could keep it!
Business Website:
http://thedepot-restaurant.business.site/
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Business Listed By:
Micah Yerk

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