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Golf Course & Restaurant

5/wk
Atlantic County, New Jersey, United States
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Asking Price$0
Revenue$637,640 Established1965
Cash Flow$90,000 Employees10 full-time
FF&E$161,913* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent purchase opportunity to acquire this 18-hole public golf course located on 300 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. This Golf & Country Club is the perfect setting for an easy afternoon of bocce with friends and enjoy the vistas in the heart of the Pinelands while making new memories. With numerous trails winding through the three hundred acres of Pinelands that makes up Golf & Country Club and Catering facility, there is definitely not a lack of nature to discover. From majestic oaks to wild blueberry bushes, there is a diversity of species that can only be found in these unique acres that make up the New Jersey Pinelands. Guests are asked to pre-register for guided tours which are available daily and range from meandering bird watches to invigorating aerobic hikes. With thousands of books to read and explore, the Reading Room at the Golf & Country Club is the perfect place to find a cozy corner where you can curl up in front of the fireplace and escape from life’s worries into a great story. From classics to modern day tales to non-fiction to daily newspapers and periodicals, the Reading Room provides something cerebral for everyone. This Golf & Country Club & Restaurant is rooted in what comes from local farms as well as the region. Their culinary style wanders the line between refined and rugged, borrowing from both city cuisine and the country food indigenous to the Pinelands’ rich history. Their culinary team has crafted offerings based on the bounty of the season, local heirloom gardens, and the foods of our family’s heritage. It is their desire to present its culinary creations in ways that are comforting and familiar, with a constant deference for the farm-to-table perspective. They offer lunch four days a week or enjoy a fine dining experience on Friday and Saturday nights and you will understand our commitment to bringing our guests the very best of Pinelands’ cuisine and beyond. 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 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. This industry requires government agency approval to purchase due to the transfer of the state issued liquor license. The various facilities consist of four independent structures, which consist of a 4,000 square foot restaurant and three single family residential homes. The entire property consists of 300 acres on an active county road located in Central South New Jersey, Gloucester County, which consists of various affluent communities with continued demand for this particular food service 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 restaurant which consists of 4,000 square feet has a capacity for approximately one hundred & ten customers. 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 particular municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing in order to supply an appropriate transitional period to the new operator. The seller / owner is retiring after many years in this industry. This restaurant and golf range requires upgrading in order to increase the gross income. To the best of our knowledge, due to the cost of upgrading and difficulty with obtaining a liquor license, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $637,640 and the business has a yearly net income of $90,000 based on an owner operator and 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 300 acres and property. Also seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The various facilities consist of four independent structures, which consist of a 4,000 square foot restaurant and three single family residential homes. The entire property consists of 300 acres on an active county road located in Central South New Jersey, Gloucester County, which consists of various affluent communities with continued demand for this particular food service industry.
Competition:To the best of our knowledge, due to the cost of upgrading and difficulty with obtaining a liquor license, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:This restaurant and golf range requires upgrading in order to increase the gross income.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Retiring after 40 years.
Ad #81616
Seller Reference #REST439
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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