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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Country Club & Golf Course
(Services)
Atlantic County , NJ
Listing ID: SVS390

Listing DetailsGross Revenue: $ 637,640
FFE: $ 350,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Country Club & Golf Course


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new operator.


OperationsYear Established: 1971
Employees: 10
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 22000
Facilities:

The various facilities consist of two independent structures, restaurant and one other building with a total square footage of 22,000 square feet. The entire property consists of 217 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. Included in the sale is a fifty-acre site, which is pending approval for seventy-five homes.


SummaryBusiness Description:

Excellent purchase opportunity to acquire this 18-hole public golf course located on approximately 217 acres with a 18,000 square foot club house and restaurant, and an 8,000 square foot home in the heart of New Jersey. The site is 30 minutes from both Philadelphia and Atlantic City and is the perfect day trip for visitors to the area and the favorite home course to many New Jersey residents. The owner is retiring after thirty-five years in the industry and will finance the sale with a moderate down payment. The business is 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 views in the heart of the Pinelands while making new memories. With numerous trails winding through the two hundred acres of Pinelands that makes up Golf & Country Club, there is 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. 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 remarkable story. 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 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 business fixed assets has an estimated value of approximately $350,000 which is based on the cost of the original equipment, licensing, buildout replacement cost, tangible & nontangible, in addition to the multiple of the future net yearly income. The business is active seven days per week, with hours from 8:00 am to 8:00 pm, the restaurant is opened with separate hours. 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. 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.


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.


Potential Growth:

This restaurant and golf range requires remolding, an improved website and marketing plan, in order to further develop the income.


Financing/Terms:

Is available to a qualified buyer with an appropriate.