American Restaurant, Bar and Event Catering – Ocean County, NJ

Price: $1,620,000

Location: Point Pleasant, New Jersey

Industry: Food and Restaurants

Listing ID: 02152022

This is a multi-venue business anchored with a family friendly restaurant, multiple bars and other profit centers situated on 12+ acres in Ocean County. The large, attractive restaurant has several banquet & dining rooms. Outdoor amenities include several parking lots, hardscaping, patios, decks, fire pits and seating. There is more too, call for details. Business generates strong profits and is updated with lots of room to expand. It is busy year round with regular table service, bar service and scheduled banquets or events. There are several areas on the property seller has ready for further development.

Restaurant & bars are known for highly popular American fare, relaxed atmosphere, and friendly service with a wide variety of traditional favorites along with weekly food and popular drink specials. The restaurant and staff get excellent reviews consistently.

This gem already has great cash flow from several well-established profit centers plus lots of room to grow revenues. Seller has done some onsite work and pre-planning to position the property for further development. Real estate appraised at 5.2 million is also available in addition to the business.

• Business Price: $ 1,620,000
• Annual Cash Flow: $ 810,000
• Gross Revenue: $ 3,850,000
• Inventory at Cost: $ 150,000
• FF&E: $ 750,000

Listing Details

Gross Revenue: $3,850,000

Cash Flow: $810,000

FFE: $750,000

Inventory: $150,000

Training & Support:

Seller will train and support to ensure a smooth transition.

Operation

Year Established: 18 Years

Summary

Potential Growth:

There is plenty of room for potential growth.