This exceptional 4,000 square foot restaurant, situated on 1.8 acres of prime lakefront property in Branchville, NJ, presents a unique investment opportunity. Located on US Highway 206, a high-traffic route with over 15,500 cars passing daily, this established business boasts significant visibility and consistent patronage. The property includes a fully equipped commercial kitchen featuring a walk-in freezer and ample lower-level storage with convenient ground-level bay door access. The restaurant comfortably seats over 120 guests indoors, with additional outdoor seating. A dedicated banquet room and bar cater to larger events. A valuable liquor license is included, permitting both indoor and outdoor service. The picturesque setting on Culver's Lake, adjacent to the Appalachian Trail, is enhanced by a charming tiki bar and gazebo overlooking the water, creating a unique and inviting atmosphere. An expansive outdoor dining area allows patrons to enjoy breathtaking lake views. Ample parking is available for guests and staff. Currently operating five days a week, this turnkey operation offers a strong foundation for continued success or the potential for expansion and new strategic initiatives. The combination of a prime location, established clientele, and exceptional features makes this a rare opportunity for experienced restaurateurs or those seeking a profitable, established business.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$28,314,248
6.5%
$26,136,228
7%
$24,269,354
Comparable approach
Method
Valuation
Relative Method
$25,701,686
Geo Method
$25,530,080
Alternative Use
Use
Valuation
Residential
$22,046,886
Hospitality
$20,194,830
Educational
$16,801,860
Medical
$17,379,702
Retail
$26,136,228
Location Insight
City
Branchville
County
Sussex
State
New Jersey
Latitude
41.1684
Longitude
-74.7915
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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