Elegant Jersey Shore Restaurant & Pub
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1100000
Net Profit / Cash Flow $170000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1985
Number of Employees 10 - 19
Inventory $475000 equipment & $4500 inventory.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The present owner will train, remain after closing and finance to a qualified buyer. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Alternative industry out of the particular area.
Description An elegant, well established Restaurant for sale, located in the most prime area of central New Jersey. Although the business is minutes from the beach this is an active upscale area with a year-round community, numerous residents and many other commercial businesses. The restaurant menu is excellent with multiple choices and a high markup return to the operator. The business is ultra modern, turnkey, upscale and Zagat rated for its outstanding food product and service. This establishment offers a beautiful ambiance and excellent service with the perfect setting for important business meetings or your private function. The business also has an excellent reputation for its fine Wine offerings with award winning distinction for numerous years. The business has a verifiable gross income of $1,100,000 and a substantial net income to the owner operator. The liquor license included in the purchase has a value of $400,000.
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