OCEAN CITY – After more than four decades of consecutive business on the Ocean City Boardwalk, the Reuben family is selling Prep’s Pizzeria and Dairy Bar.
According to Kristina Doliszny, vice president of Ocean City Real Estate Group at Keller Williams Realty, the business has been on the market for two to three days, although a sign at Prep’s advertising the businesses’ sale was previously posted.
The sale is listed with Doliszny and Robert Doliszny, both of the Ocean City Real Estate Group for Keller Williams Realty. The business is listed at $125,000.
The sale includes all fixtures, furniture and equipment inside the property, marketing assets, the Prep’s name and logos, and assignable rights to a boardwalk lease, Doliszny said.
According to the listing, $250,000 of capital improvements and investments were recently made to the business and its location. The business will not be operational before a new buyer reopens it.
However, because of multiple interested buyers, a buyer is expected to be finalized no later than next week, Doliszny said. According to the Prep’s website, Prep’s Pizzeria and Dairy Bar opened under Joseph and Catherin Reuben, of Vineland, in 1965.
Prep’s Pizzeria and Dairy Bar is located at 1004 Boardwalk in Ocean City NJ.
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By KRISTEN KELLEHER Sentinel staff
Published in Ocean City Sentinel Newspaper
Posted: Monday, April 21, 2014 3:59 pm
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