Restaurant for Sale in Atlantic County, NJ

Not Disclosed, NJ
Atlantic County

Atlantic County, NJ


Asking Price: Annual Revenue:
$1,250,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale in Atlantic County, NJ Broker: Eleanor Murray
Owner Financing is Available!
Seller Finance $100,000 @ 5% with five year balloon on a 25 year payout!

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $242,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $850,000
Year Established: 1969
Employees: 25
BBN Listing #: 896117398
Broker Reference #: 1403

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Business Overview:

Restaurant for Sale in Atlantic County, NJ. This is a restaurant in a well known shore town that has been there for 54 years. Sales are $1.2 Million and it nets $242,000. The hours are 7am-9pm in Summer. It is open year round and has great reputation for food. It has all new equipment. Comes with valuable real estate and seats 130 people with outside seating in the summer. Seller will hold $100,000 @ 5% with five year balloon on a 25 year payout. With $200,000 down you can buy this! Price is $1,250,000. Great for owner operator.

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Property Features and Assets:

2,000 Square Feet. All new equipment!

Market Competition and Expansion:

Popular Restaurant. Established 54 years. In great SJ shore town. With all new equipment. Across from the beach!

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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