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Restaurant/Bar for Sale in Cape May, NJ.

Cape May County, NJ

Restaurant/Bar for Sale in Cape May, NJ.
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Asking Price: $5,500,000

Cash Flow: $708,000

Gross Revenue: $1,900,000

EBITDA: $708,000

FF&E: N/A

Inventory: $10,000*

Real Estate: $2,000,000

Established: 1975

*not included in asking price.

Restaurant/Bar for Sale in Cape May, NJ.

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Business Description

Restaurant/Bar for Sale in Cape May, NJ.

Restaurant/Bar for sale in Cape May, NJ. Same owner 25 years. Short hours. Seats 230 people. Valuable Liquor License. Need 1.5M down. Cash flow $708k. Needs owner operator. Summer hours: May 1 -Oct. 15 - 7 Days - Bar 4-9pm Dining 5-9pm. Closed 10 weeks plus Thanksgiving, Christmas & New Years. Restaurant on 4 separate lots. Perfect upscale location for chain. Can open for lunch to increase business $500,000.

Detailed Information

Location:
Cape May County, NJ
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,200
Employees:
32
Facilities:
Close to beach. Seats 230 people. Immaculate condition. Short hours. Can expand into lunch and add longer hours for bar.
Competition:
Really great location. Large lot. Can build on to expand. Restaurant every evening is 100% occupied.
Support & Training:
2 weeks
Reason for Selling:
Retiring
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Eleanor Murray

Business Listed By:
Eleanor Murray

Murray & Associates

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