Bar, Restaurant, Event Venue For Sale in South Jersey
(Food and Beverage, Catering)
New Jersey
Listed Price: $ 4,995,000
Listing ID: 1572
Listing DetailsGross Revenue: $ 2,825,000
Cash Flow: $ 596,565
EBITA: $ 596,565
FFE: $ 500,000
Real Estate: $ 4,000,000 (Included in Price)
Reason for Sale:
Retiring
Training & Support:
2-4 Weeks
OperationsLast Acquired: 2001
Days & Hours of Operation: M-Thurs 11am-10pm, Fri & Sat 11am-12am Sun 11am-9pm. Closed Christmas and Fourth of July.
Employees: 32
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 11550
Type of Location: Stand Alone
Facilities:
Indoor seating for 205, outdoor seating for 195, main banquet room seats 195, and secondary banquet room for smaller events seats 42.
SummaryBusiness Description:
Bar/Restaurant and event venue with water views for sale in South Jersey. This 11,550 sq. ft. facility sits on 4 scenic acres with additional outdoor dining space for total occupancy of approx. 600. Featuring both an elegant indoor dining area and a lively outdoor bar & deck for casual gatherings, dinner service, or large celebrations. Fully equipped to host weddings, banquets, and private events, this business seamlessly blends restaurant, bar, and event space in one destination.
Financing/Terms:
$1,500,000 down, seller will hold note at 7% with a 5 yr ball and 20 yr amortization