Bar/Restaurant/Liquor Store for sale in Cape May County, NJ
(Liquor Store, Bar / Restaurant)
Cape May, New Jersey
Listed Price: $ 2,295,000
Listing ID: 1546
Listing DetailsGross Revenue: $ 2,411,000
Cash Flow: $ 262,320
EBITA: $ 262,320
Real Estate: $ 1,510,000 (Included in Price)
Inventory: $ 225,000
Reason for Sale:
Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1976
Last Acquired: 1976
Employees: 10-15 FT, 40 PT
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 7693
Type of Location: Stand Alone
Facilities:
Located on 1.42 acres with parking for 60+
SummaryBusiness Description:
Bar/Restaurant/Liquor Store 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. Liquor store has a 'C' license, but its own separate entrance. Liquor store 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.
Potential Growth:
Summer hours June 15-Sept 2. Liquor Store 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 Liquor Store 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.