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Listed by:

Lamon Associte

Money Making Restaurant,Bar And Properties For Sale

Atlantic County, New Jersey, US
Asking Price:
$2,950,000
Sales Revenue:
$1,900,000
Cash Flow:
$400,000

A Golden opportunity to acquire this well-established, popular restaurant with a bar & property (Class C Liquor License included) and additional property generating rental income all together in this money maker!

A free-standing restaurant building with significant frontage and 40+ parking spaces along with a building consisting of 4 mixed-use apartments and 4 commercial stores generating additional rental income.

The restaurant with a bar is a full-service restaurant nestled within a neighborhood business district and adjacent to multiple businesses and residential neighborhoods around it, well-known for over 30 years, with a 220 seating capacity, fully equipped kitchen, and fully staffed grossing around $1.9M.

All equipment is in working condition and included in the asking price. The cash flow for the restaurant with an owner/operator working 50 hrs/wk and taking NO salary and before debt service . The asking price is reasonable considering the Appraisal Value of the Property, Restaurant, Equipment and Liquor license.

This is a rare turnkey offering combining historic charm, modern infrastructure, and exceptional advantage.
The sale includes a thriving restaurant with property, a Class C liquor license and FFE, and an additional building with apartments and commercial stores.

Property Information

Real Estate:

Real Property Included

Premises Details:

Restaurant has 220 seating capacity, Bar ( Class C License) & equipped with full kitchen, deep freezers & equipment. 40+ Parking.

Business Operation

Reasons for selling:

Other Investment

Employees:
20 (10 Full-time, 10 Part-time)
Years established:
40 years

Other Information

Support & training:

Seller is willing to provide training & support for easy transition to the buyer.