The principals of one of the most successful and profitable restaurants in Historic Cape May, New Jersey, are offering their 140‐seat restaurant, 80‐seat bar with a Broad C Liquor License

which allows the sale of package goods and the related real and personal property as a fee simple purchase transaction. The assets included in the sale are the restaurant and bar operation with all its goodwill, the liquor license, and the land and improvements consisting of a 6,400 SF, 2‐story, free standing building (built in 1995) and a 0.464 acre lot including an 8,032 SF parking lot with 40 parking spots and 126’ frontage along one of the busiest streets in the center of town.  The principals have owned the business and property for 21 years.

The restaurant operates from Valentine’s Day to New Year’s Eve with annual revenue of $2,000,000 and EBITDA of $545,000.  Growth opportunity exists through expansion of facility and hours of operation.

For a complete package, contact:

Greg Gilfoil
info@csgpropertymgmt.com
973-826-0687 or 973-826-0637

Principals only please