Popular Bar/Restaurant in Somers Point, NJ for Sale!
(Bar/Restaurant)
Atlantic County, New Jersey
Listed Price: $ 4,750,000
Listing ID: 1506
Listing DetailsGross Revenue: $ 1,576,000
Cash Flow: $ 533,000
EBITA: $ 533,000
Real Estate: $ 2,900,000 (Included in Price)
Reason for Sale:
Owner Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1998
Days & Hours of Operation: 11 am to 2 am
Employees: 17 PT
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 9300
Type of Location: Stand Alone
SummaryBusiness Description:
Hot spot in Somers Point, NJ! Large bar/restaurant business with water views and great food. 9,300 sf that seats 260 on 1.38 acres. Large wrap around deck with 3 bars, and lots of outside seating. Cash flow is all liquor sales, food is leased out. Same owner for 22 years, is retiring. One of a kind, won't last!