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 seating 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.
- Asking Price:
- $3,500,000 Furniture / Fixtures included
- Sales Revenue:
- $2,650,000
- Cash Flow:
- $437,875
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Estimated real estate value $2,600,000. Liquor License valued at $500,000.
- Size in square feet:
- 8,000
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retiring
- Trading hours:
-
Wed & Thurs 4p-9:30 Fri & Sat 4p-10:00 Sun 3p-9. Closed Monday and Tuesday
- Employees:
- 42
- Years established:
- 1981
Other Information
- Support & training:
-
2-4 Weeks
- Furniture / Fixtures value:
- $250,000 - included in the asking price
- Inventory / Stock value:
- $30,000
