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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


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

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

Business Listed By:
Eleanor Murray

Murray & Associates

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