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Golf Course
Location: United States -> New Jersey -> Atlantic County
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

Excellent purchase opportunity to acquire this 18-hole public golf course located on 215 acres in the heart of the New Jersey Pinelands. The site is 30 minutes from both Philadelphia and Atlantic City and this Golf and Country Club is the perfect day trip for visitors to the area and the favorite home course to many New Jersey residents. The business is located in Atlantic County on a convenient road close to various state highways. They offer lunch four days a week and a fine dining experience on Friday and Saturday nights. This Golf & Country Club has built upon those core principals of quality, consistency and friendliness of service to become leaders in the catering industry. This business has approximately ten full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $15,000.

The business assets represented by the corporate tax returns have an estimated value of $161,913, including an 18-hole golf course, a restaurant which includes a consumption liquor license, commercial kitchen and all of the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the sale. The business is active four days per week, with hours from 8:00 am to 8:00 pm. The sale includes a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The business has been valued based on the value of the assets, liquor license, a multiple of the net yearly income and the value of the 215 acres and property.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $637,640
Cash Flow:   $90,000
Cash Flow Type:  EBITDA
Inventory:  $161,913
Seller Financing:  Yes

About The Business

Year Established:  1965
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Reason For Selling:  The seller / owner is retiring after many years in this industry.




Print Listing Id: 700281080
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Related Searches: Amusement Parks  >  Art Galleries and Museums  >  Billiards and Bowling  >  Casinos  >  Movie Theaters  >  Other Entertainment and Leisure  > 

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



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