Waterfront Casual American Tavern with Boat Slips and 270+ Occupancy

Sussex County, NJ

Seller Financing Available

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Asking Price:$2,000,000
Real Estate:$1,400,000
FF&E:$450,000
Established Year:2014
BUSINESS DESCRIPTION

Free standing restaurant with 2 bars, 2 levels, 2 decks, 2 properties, great parking, boat slips, large lake


DETAILED INFORMATION
Location
Sussex County, NJ
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A valuable NJ "33" Liquor license, 2 properties, all furniture, fixtures and equipment of full service operating restaurant and tavern with 2 bars, 2 decks on the water, 2 levels.
Competition
Presently there is no social media done and very little marketing. Private event space is little used or promoted. There are other water front accessible restaurants with liquor but there is plenty to go around at this year round community.
Growth & Expansion
This facility and location is an 8 cylinder engine running on 4 cylinders. Present $20k per week sales are simply because of the location, view, parking and consistent food and service. A new owner with energy and fresh ideas doubles those sales immediately. No limit as to what can be done here.
Financing
With 40% down sellers will negotiate with a qualified buyer with reasonable 1st mortg
Support & Training
Persent operation is run absentee with a solid management and service staff. However, everyone would benefit with a on-site owner operator with new ideas and marketing
Reason for Selling
Operating partner retired a year ago. Present absentee partner has other busine
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Robert Petrin Jr.
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Robert Petrin Jr.