South Jersey Resort Bar/Restaurant For Sale!
(Food and Beverage, Restaurant)
South Jersey, New Jersey
Listed Price: $ 1,800,000
Listing ID: 1502
Listing DetailsGross Revenue: $ 1,001,135
Cash Flow: $ 212,000
EBIT: $ 212,000
Real Estate: $ 2,000,000 (Included in Price)
Inventory: $ 100,000
Reason for Sale:
Owner Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1979
Last Acquired: 1979
Days & Hours of Operation: Mon, Wednesday Through Sunday 3:30pm-10:30 pm. Closed Tuesday.
Employees: 15
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 14000
Type of Location: Stand Alone
Facilities:
Prime Location. Lot size 93x139
SummaryBusiness Description:
South Jersey resort bar/restaurant located in a green zone that can sell retail marijuana. Bar and Dining area on the first, two separate party rooms, each with a bar, on the second, and a third floor with private office and owner living quarters. Two kitchens located on the first and second floor. Secure parking with surveillance adjacent to the building, and including a separate parking lot across the street. 7,000 SF each level-7,000 SF upstairs. Same owner 43 years. Option to purchase additional parking lot across the street for $500,000 that produces rent of $60,000/yr. Currently running very limited hours.
Financing/Terms:
Seller Financing Available. $200,000 6% 5 Yr Ball / 20 Yr