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  • RE:  Bar/Restaurant/Packaged Goods 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

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Business Overview:

Bar/Restaurant/Packaged Goods 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. Packaged Goods has a 33 'C' which is a consumption bar license, and its own separate entrance. Packaged Goods 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. Packaged goods 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 Packaged goods 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:

Retiring

Additional 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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