Tannenbaum Business Brokers
Phone: 800-662-9507
Great Bar and Hotel w/ Property in Salem County
- Listing Id: 5017
- Broker Name: Tannenbaum Business Brokers
- Category: Hotels and Motels
- Asking Price: $795,000.00
- EBITDA: $44,160.00
- Real Estate: $330,000.00
- Cash Flow: $170,000.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $450,000.00
- FF&E: $1,175,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Salem County
- State: NJ
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This 3 story Hotel/Bar building is a city icon established for 114yrs and provides the area with short term housing and a Great bar/restaurant for captive clientele plus local clientele. The restaurant has it's own following and the dance floor doubles for dining and dancing approximately 6,000 Sq Ft. +/-. The building is well maintained and clean. Tremendous property on Route 40 and Main St, drive through location for development. With 16 rooms and rent ranging from $140- $160 a week, rental income is as steady as it pays all your bills. Cash flow noted is for owner/operator working 50 hrs. per week taking NO salary; before debt service
Financial Summary
N/A
Articles by Tannenbaum Business Brokers
View All Articles
No article added by Tannenbaum Business Brokers.
Contact Tannenbaum Business Brokers
News & Updates by Tannenbaum Business Brokers
No news/updates from Tannenbaum Business Brokers.
