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Broker Name:Murray & Associates
Broker Email:murrayeleanor46@gmail.com
Broker Phone:
Cherry Hill:
856-428-8900
Atlantic City:
609-441-1234
Toll Free:
866-2-Murray
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Restaurant for Sale!
(Restaurant)
Atlantic County, New Jersey
Listed Price: $ 1,250,000
Listing ID: 1403

Listing DetailsGross Revenue: $ 1,200,000
Cash Flow: $ 242,000
EBITA: $ 242,000
Real Estate: $ 850,000 (Included in Price)
Inventory: $ 10,000
Reason for Sale:

Retiring


Training & Support:

2 Weeks


OperationsYear Established: 1969
Days & Hours of Operation: 7-9pm Summer, 7-8pm Winter
Employees: 5FT-20PT
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Stand Alone
Facilities:

2,000 SF Building.  All new equipment!


SummaryBusiness Description:

Restaurant for Sale in Atlantic County, NJ. This is a restaurant in a well known shore town that has been there for 54 years. Sales are $1.2 Million and it nets $242,000. The hours are 7am-9pm in Summer. It is open year round and has great reputation for food. It has all new equipment. Comes with valuable real estate and seats 130 people with outside seating in the summer. Seller will hold $100,000 @ 5% with five year balloon on a 25 year payout. With $200,000 down you can buy this! Price is $1,250,000. Great for owner operator.


Financing/Terms:

Seller Finance $100,000 @ 5% with five year balloon on a 25 year payout!



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