Steak & Seafood Restaurant For Sale
Location New Jersey,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $1100000
Net Profit / Cash Flow $700000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 10 - 19
Inventory $200,000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Available per agreement.
Reason for Sale Retiring.
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.
Click Here To Contact Seller
|
|