Bar/Restaurant/Packaged Goods 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/Packaged Goods 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. Packaged Goods has a 33 'C' which is a consumption bar license, and its own separate entrance.  Packaged Goods 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. Packaged goods 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 packaged goods 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.



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