Bar Restaurant In Cape May County NJ For Sale

Business description

Cape May County Bar Restaurant located blocks away from the beach in an affluent shore community. Business is in the center of a shopping district with heavy foot traffic. Known for its great food, this restaurant has been a popular spot for tourists and locals alike for decades. Sale comes with 6200 SF building and valuable C liquor License worth approx. $800,000. Gross sales $1,801,000, Net cashflow $286,000. Asking $4,750,000.

Property information

Real Estate:

Real Property Included

Location:

Bar, Restaurant with real estate located in Cape May County in an afflent shore community.

Premises details:

Bar, Restaurant with real estate is 6200 SF with seating for 120, has a valuable C liquor license

Size in square feet:

6200 SF

Business Operation

Competition / Market:

Bar, Restaurant is well known at the South Jersey Shore with the same owner for over 34 years.

Reasons for selling:

Retiring

Trading hours:

11:30am to 10pm Monday thru Thursday, 11:30 to 11pm Friday and Saturday, 12pm to 5pm Sunday.

Employees:

25 FTE 20 PTE

Years established:

34

Other information

Support & training:

Two Weeks

Furniture / Fixtures value:

$800,000 (included in the asking price)