COUNTRY CLUB & 18 HOLE GOLF COURSE

Price: $4,450,000

Location: Atlantic County, New Jersey

Industry: Recreation

Listing ID: REC105

Excellent purchase opportunity to acquire this 18-hole public golf course located on approximately 210 acres with a 22,000 square foot club house, restaurant, and an 1,800 square foot guest house 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 forty-five years in the industry and will finance the sale with a moderate down payment.

 

 

Listing Details

Revenue: $1,000,000

FFE: $885,000 (Included in Price)

Lender Pre-Qualified?: Yes

Form of Ownership:

Corporate

Terms and Conditions?:

Owner Financing with 25%, 4% interest, ten year term, five year balloon.

Reason For Sale:

The seller is retiring after forty five years of ownership.

Training & Support:

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

Operation

Year Established: 1975

Year of Last Acquisition: 1975

Employees: Full staff of employees not aware of the pending sale.

Location

Security on Lease: NA

Lease Option: NA

Type of Location: Commercial

Relocatable?: Yes

Facilities Information:

The various facilities consist of two independent structures, restaurant and one other building with a total square footage of 23,800 square feet. The entire site consists of 210 acres on an active county road located in Central South New Jersey, Atlantic County, which consists of various affluent communities with continued demand for this particular food and service industry.

Ron Cervelli

contactus@regalconsultants.com

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