Bar Restaurant With Real Estate For Sale At The Jersey Shore

Listing ID
1619A

Listing Details
Asking Price
$ 5,350,000

Industry
Bar, Restaurant

Gross Revenue
$ 2,499,070

Cash Flow
$ 684,942

EBITDA
$ 684,942

Inventory
$ 50,000

Inventory Included in Price?
No

Real Estate
$ 4,000,000

RE Included in Price?
Yes

Reason for Sale
Owner Retiring

Training & Support

2 weeks

Operations
Year Established
1983

Last Acquired
1983

Days & Hours
Fri - Sun 11a-9p. Delivery Only Mon-Thurs 4p-9p

Owner Hours
Full Time

Employees
10 full time, 30 part time

Location
Square Footage
6800

Type of Location
Stand Alone

Summary
Business Description

Well established bar/restaurant for sale with real estate at the Jersey Shore. Excellent location with strong demographics. Same owner for over 40 years. Property has been renovated and very well maintained. Sale also includes a valuable liquor license. Seats 120 inside. Currently has rental income from upstairs apartment along with two retail tenants that provides additional revenue. New owner could increase sales by expanding hours and increasing delivery.

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Bar Restaurant With Real Estate For Sale At The Jersey Shore

Listing ID
1619A


Listing Details
Asking Price
$ 5,350,000

Industry
Bar, Restaurant

Gross Revenue
$ 2,499,070

Cash Flow
$ 684,942

EBITDA
$ 684,942

Inventory
$ 50,000

Inventory Included in Price?
No

Real Estate
$ 4,000,000

RE Included in Price?
Yes

Reason for Sale
Owner Retiring

Training & Support

2 weeks

Operations
Year Established
1983

Last Acquired
1983

Days & Hours
Fri - Sun 11a-9p. Delivery Only Mon-Thurs 4p-9p

Owner Hours
Full Time

Employees
10 full time, 30 part time

Location
Square Footage
6800

Type of Location
Stand Alone

Summary
Business Description

Well established bar/restaurant for sale with real estate at the Jersey Shore. Excellent location with strong demographics. Same owner for over 40 years. Property has been renovated and very well maintained. Sale also includes a valuable liquor license. Seats 120 inside. Currently has rental income from upstairs apartment along with two retail tenants that provides additional revenue. New owner could increase sales by expanding hours and increasing delivery.