Bielat Santore & Company - Eye On The Shore

Ortley Beach, NJ business uses retirement money to rebuild.

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Allenhurst, NJ (PRWEB) November 18, 2013

The damage was too much for many New Jersey residents after Hurricane Sandy came ashore last year. As many struggled with the cost to rebuild, the owners’ of the popular Ortley Beach, NJ mini golf course, restaurant and arcade, Barnacle Bills, decided to fish through their own pockets to start over. For a project that would cost upwards of $1.5 million, Bill and Jo Ann Pretuzel dipped into their retirement fund and refinanced their home in order to recover in time for the business’s 50th anniversary this past July.

The couple took over the business and evolved it into a fun summer place for families to enjoy good food and entertainment. Passed down from Bill’s father, the original owner, the waterfront eatery was overrun by Sandy leaving the couple to decide whether to rebuild or walk away. The Petruzel’s decided to use their own hard earned money to pay for repairs rather than wait for aide from the government.

October 29, 2013 marked the one year anniversary of Hurricane Sandy, which demolished thousands of homes and businesses along the east coast causing an estimated $60 billion in damages. Many Jersey Shore residents are still displaced from their homes and are waiting financial help.

About Bielat Santore & Company

Bielat Santore & Company is an established commercial real estate firm. The company’s expertise lies chiefly within the restaurant and hospitality industry, specializing in the sale of restaurants and other food and beverage real estate businesses. Since 1978, the principals of Bielat Santore & Company, Barry Bielat and Richard Santore, have sold more restaurants and similar type properties in New Jersey than any other real estate company. Furthermore, the firm has secured in excess of $500,000,000 in financing to facilitate these transactions. Visit the company’s website, http://www.123bsc.com for the latest in new listings, property searches, available land, market data, financing trends, RSS feeds, press releases and more.


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