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Maryland Business For Sale |
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| BAR & PUB WITH UPSTAIRS APARTMENT |
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| Attn: Joe Gerst Business Broker |
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| Baltimore City, MD, USA |
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| Asking Price: |
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$140,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Bars, Clubs, Nightspots |
| Reason for Selling: |
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ill spouse + in bar busn. for 25 years |
| Year Established: |
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1983 |
| # of Employees: |
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5 |
| Yearly Revenues: |
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$228,000 |
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Business for Sale Overview:
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OWNER FINANCING ! Corner neighborhood bar with upstairs apt.; business sale ;double wide bldg.with 1 full bsmt. for storage & 1 full bsmt. vacant ; bar could have a working kitchen by adding a grease interceptor--already has a hood & an up to date ansil system , dual stainless steel sink & a 6 burner gas stove ; bar currently serves 'finger food' using a microwave ; bar memorabilia included ; bar equipment 4 years old(+ -) ; recent ice machine ; recent 50" T.V. ; 19" & 20" T.V.'s in the pool room ; furnace 2 years old(+ -) ; central air conditioning system 1 year old(+ -) ; 2nd level apartment ideal for an owner - operator residence or a rental at $800 to $1200 per month and has 3 bedrooms , 1 bath , a living room , a dining room , a kitchen , an outside deck & an outside entrance ; bar is 1 sided with 12(+ -) stools ; 5 poker amusement machines & 1 pool table ; 2 pool leagues ; real estate taxes$2500(+ -) per year ; 2500 Sq. ft.(+ -).
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Property Features and Assets:
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2500 sq. ft. with upstairs apartment ; street parking ; current 5 year lease began 09/01/06 and is $2000 per month ' Triple Net ' with 4% annual escalations. there is another 5 year option. |
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Market Competition and Expansion:
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Business is in the 21224 zip code area of East Baltimore City & is a nice corner location. |
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Additional Details:
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- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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