Business For Sale

Condo Hotel with Bar/Restaurant w/ Ocean View

Not Disclosed, NJ
Cape May County

Cape May County


Asking Price: Annual Revenue:
$12,000,000 $2,300,000

Commercial Real Estate: Non-classifiable


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RE: Condo Hotel with Bar/Restaurant w/ Ocean View Broker: Eleanor Murray
Owner Financing is Available!
Possible

Quick Facts

Asking Price: $12,000,000
Annual Revenue: $2,300,000
Net Profit: Not Disclosed
Cash Flow: $784,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $13,000,000
Year Established: 2007
Employees: 70
BBN Listing #: 817117398
Broker Reference #: 1336

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Business Overview:

Condo Hotel with Bar/Restaurant in Cape May County for sale. 39,562 Square Feet. 3 Floors of condo's (24 units) . (11) 2 Bdrm 2 Bath, (12) 1 Bdrm 1 Bath. Separate AC, heat & Electric for each unit. Parking for each unit. Can open year-round. Can be turned into Air BNB. Building only 11 years old. Beautiful 16,162 SF Bar area overlooking beach with Pool. Season: May thru October Occup. 570 w/o tables 1,000. Great condition. Right Across from the ocean, beautiful ocean views. Comes with two lots one parking for 30 cars and one with triplex on large lot. Same owner for 11 years.

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Property Features and Assets:

Condo hotel: 24 units. Separate AC, heat & Electric for each unit. Parking for each unit. Bar/Restaurant has 2 levels: 1st level has dance floor and 3 large bars. 2nd level has ocean view, a beautiful pool with bar area. Popular place. Only 11 years old.

Market Competition and Expansion:

Right next to beach. Beautiful ocean view. Great location. Only 11 years old. Has parking lot for each unit. Can be built up.

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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