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.
- Asking Price:
- $5,350,000
- Sales Revenue:
- $2,499,070
- Cash Flow:
- $684,942
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Located in a busy shore town.
- Premises Details:
-
Estimated real estate value $4,000,000.
- Size in square feet:
- 6,800
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Owner is retiring.
- Trading hours:
-
Fri - Sun 11a-9p. Delivery Only Mon-Thurs 4p-9p
- Employees:
- 10 full time and 30 part time
- Years established:
- 1983
Other Information
- Support & training:
-
2 Weeks
- Inventory / Stock value:
- $50,000
