Bar/Restaurant/Liquor Store For Sale In Cape May
Not Disclosed, NJ Cape May County
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- RE: Bar/Restaurant/Liquor Store For Sale In Cape May
- Contact: Eleanor Murray
Quick Facts
| Asking Price: | $2,295,000 | |
| Annual Revenue: | $2,411,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $262,320 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $1,510,000 | |
| Year Established: | 1976 | |
| Employees: | 40 | |
| BBN Listing #: | 953244 | |
| Broker Reference #: | 1546 |
Business Overview:
Bar/Restaurant/Liquor Store 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. Liquor store has a 'C' license, but its own separate entrance. Liquor store 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.
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Property Features and Assets:
Located on 1.42 acres with parking for 60+
Market Competition and Expansion:
Summer hours June 15-Sept 2. Liquor Store 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 Liquor Store 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.
Reason for Selling:
RetiringAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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