Business For Sale

Bar w/ 5 Apartments for Sale - Atlantic City!

Atlantic City, NJ
Atlantic County

In Atlantic City


Asking Price: Annual Revenue:
$375,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Bar w/ 5 Apartments for Sale - Atlantic City! Broker: Eleanor Murray
Owner Financing is Available!
Seller financing $250,000 @ 5% Term: 5/20

Quick Facts

Asking Price: $375,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $440,000
Year Established: 1970
Employees: 8
BBN Listing #: 689917398
Broker Reference #: 1334

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Business Overview:

Bar w/ 5 Apartments in Atlantic City for Sale - near Tropicana Casino. Seats 40. 1300 SF. On 2 separate lots. Bar is run absentee owner. $110,000 Gross sales all bar. $33,000 year in rental income. Is open 11am - 1am. Has 24 hour license. Liquor license worth $135,000. (3) 1 bedroom apartments:$655 month, $700 month & $655 month. (1) 3 bedroom apartment:$825 month. Apartment above bar is vacant. Owner Financing available. $125,000 down required. Seller will hold $250,000 @ 5% Term: 5/20

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Property Features and Assets:

In Atlantic City. On 2 Separate lots. 1300SF free standing building. Seats 40. 5 rental apartment units.

Market Competition and Expansion:

24 hour license. Near Tropicana Casino. Really great location.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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