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Landmark Cape May County Boutique Hotel

Cape May County, NJ

Seller Financing Available
Landmark Cape May County Boutique Hotel
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Asking Price: $8,500,000

Cash Flow: N/A

Gross Revenue: $2,150,000

EBITDA: $812,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Landmark Cape May County Boutique Hotel

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Business Description

Available is a rare opportunity to own a well established and high performing 35 unit boutique hotel located at the Southern New Jersey Shore in Cape May County. The business has been in operation for over 35 years and is considered to be one of the landmark properties in the region. The sellers are offering this as a turn-key business, allowing the new owners to walk right in to enjoy this profitable enterprise. All FFE, customer lists, websites, trademarks, vehicle, etc., are included in the offering price. Sellers are owner/operators, so a GM may be required for a purchaser not planning to operate. Additional information available upon verification of Buyer's ability, interest and a signed NDA. Some seller financing may be available.

Detailed Information

Location:
Cape May County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
20
Competition:
Currently setting the standard for accommodations in its class.
Growth & Expansion:
Owners continue to aggressively promote the operation, which has resulted in solid bookings for the 2019 Season. Potential exists to acquire additional nearby property to expand the existing operation.
Support & Training:
Owner will assist new owners with up to 2 weeks on site training.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Brian Groetsch

Business Listed By:
Brian Groetsch

RE/MAX at The Shore

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