Bar/Restaurant/Packaged Goods for sale in Cape May County, NJ
Cape May County, NJ
| Asking Price: | $2,295,000 |
| Gross Revenue: | $2,411,000 |
| EBITDA: | $262,320 |
| Established Year: | 1976 |
| Cash Flow: | $262,320 |
| Inventory: | $225,000 |
| Real Estate: | $1,510,000 |
Listing ID: 2279808Listing provided by BizBuySell
BUSINESS DESCRIPTION
Bar/Restaurant/Packaged Goods for sale in Cape May County, NJ. Same owner 45 years. Needs owner operator. A very nice bar and restaurant with outdoor seating. Seats 258 people. Packaged Goods has a 33 'C' which is a consumption bar license, and its own separate entrance. Packaged Goods does 60% of the sales, and the restaurant 40%. Gross sales of $2,400,000. Appraised for $1,510,000 Real Estate and $825,000 liquor license for total of $2,335,000. Appraisal only a year old.
DETAILED INFORMATION
Location
Cape May County, NJ
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,693
Employees
40
Facilities
Located on 1.42 acres with parking for 60+. Summer hours June 15-Sept 2. Packaged goods open Sun thru Wed 9-9, Thurs thru Sat 9-9:30. Bar/Restaurant open Sun thru Wed 12-8:30, Thurs thru Sat 12-9. Winter hours packaged goods Sun thru Wed 9-8:30, Thurs thru Sat 9-9. Bar/Restaurant is open Sun thru Wed 12-8, Thurs thru Sat 12-8:30.
Support & Training
2 Weeks
Reason for Selling
Retiring
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