Business Overview:
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. Same owner for 34 years. Sale comes with 6,200 square feet building and valuable C liquor License worth approximately $800,000. Gross sales $1,801,000, Net cash flow $286,000. Asking $4,750,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Bar and Restaurant is 6,200 square feet, free standing with seating for 120 in a very popular South Jersey upscale beach resort.
Market Competition and Expansion:
Bar and Restaurant is well established since 1939.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: