Steak & Seafood Restaurant For Sale

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Listing ID: 700144778

Listing Title: Steak & Seafood Restaurant For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=144778

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: New Jersey

Area

City: Cape May County

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $1,100,000

Cash Flow: $700,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1995

Number of Employees: 10 - 19

Business Description:
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.



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