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Steak & Seafood Restaurant For Sale
Location: United States -> New Jersey -> Cape May County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)



Business Summary

Oyster Bay Restaurant & Bar is a two story, free standing building built in 1995. It is a chef/owner operated business specializing in fine steaks & fresh local seafood. There are three dining rooms with a total of 140 seats and a 16 seat bar & lounge area. The property has an 8,000+ sq ft rear parking lot with access from both Lafayette & Broad Streets. Oyster Bay is zoned C-3 with a Broad C liquor license, which includes the sale of package goods. Its location is in the center of town next to the Welcome Center within walking distance from the Washington Street Mall, beaches, houses of worship, hotels, B&B's, local shopping and family entertainment.

Asking Price: $6,000,000
Gross Revenue: $1,000,000+
Gross Revenue Comments: Revenue based on seven days a week June-September 5:00-9:00pm. Weekends mid-March to June and October to mid-December
Cash Flow: $600,000+
Inventory: Included in asking price
Real Estate: Included in asking price

Email or call Thomas Laffey at 609-408-7210 for more information on this restaurant for sale.

Financials
Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $1,100,000
Cash Flow:   $700,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $200,000
Seller Financing:  No

About The Business
Year Established:  1995
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale
Management Training and Support:  Available per agreement.
Reason For Selling:  Retiring.

Photos

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Steak & Seafood Restaurant For Sale Photo 1




Print Listing Id: 700144778
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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