Bar/Restaurant/Event Venue With Real Estate 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: $ 350,000
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. Liquor License value of $450,000.
SummaryBusiness Description:
Bar/restaurant with beautiful water views for sale in South Jersey. This 11,550 sqft. facility sits on 4 scenic acres with additional outdoor dining space. Features an upscale indoor dining area, with separate large indoor sports bar, and a lively outdoor bar & deck. There are 2 private event spaces, one for smaller more intimate gatherings and another beautiful room for larger events for seating up to 200. This business does 70% bar restaurant sales and 30% private events. Seller Financing Available!
Financing/Terms:
$1,500,000 down, seller will hold note at 7% with a 5 yr ball and 20 yr amortization