Bar/Restaurant with Real Estate For Sale in South Jersey
(Restaurant, Bar)
New Jersey
Listed Price: $ 3,500,000
Listing ID: 1588
Listing DetailsGross Revenue: $ 2,650,000
Cash Flow: $ 425,560
EBITA: $ 425,560
FFE: $ 250,000 (Included in Price)
Real Estate: $ 3,500,000 (Included in Price)
Inventory: $ 30,000
Reason for Sale:
Retiring
Training & Support:
2-4 Weeks
OperationsYear Established: 1981
Last Acquired: 1981
Days & Hours of Operation: Wed&Thurs 4p-9:30 Fri&Sat 4p-10:00 Sun 3p-9. Closed Monday and Tuesday
Employees: 42
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 8000
Type of Location: Stand Alone
Facilities:
Liquor License valued at $500,000
SummaryBusiness Description:
Bar/restaurant for sale in South Jersey with real estate included, situated on a main highway with strong demographics. The beautifully maintained 8,000 sq ft restaurant with sitting for up to 300 sits on 1.5 acres and features ample parking with excellent visibility on main highway. Currently open five days a week for fine dining dinner service only. The operation offers significant growth potential through expanded hours. This business could easily be turned into a casual dining concept to target a broader market.