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Business For Sale

Restaurant/Commercial/Residential

Cape May, NJ

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$599,000
$265,000
Not Disclosed
$84,700
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
Not Disclosed
10
372917398

Business Overview:

Beautiful restaurant located on large corner property in the heart of busy shore town. One block from beach and close to new convention center. The current owners put $750,000 into redoing the entire outside of building and inside of restaurant. Looks brand new. Turn key business ready to open. All new kitchen equipment. This is a two-story corner property with the restaurant on bottom floor and 2 apartments currently rented on upper level. One apartment is a 3 bedroom 2 bath and one is a 2 bedroom 1 bath. Real estate taxes $6,400 Tenants pay utilities Lot next door is available for lease for parking. Paying chef $22,000 for 3 months work 8 pt waitresses 2 part time hostesses 4 full time kitchen 2 part time kitchen

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:

Restaurant is a 2 story corner building on a lot 64x53 with the restaurant on the first floor and 2 apartments on the 2nd level

Reason for Selling:

Other Interests

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.
  • This is not a distressed business or bankruptcy situation.
 

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