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Maryland Business For Sale

  
TAVERN BUSINESS WITH REAL ESTATE


Attn: Alicia Wines
Baltimore City, MD, USA
Listing #: 346513344
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Asking Price: $715,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling: Owner wishes to retire.
Year Established: 1994
# of Employees: 3
Yearly Gross Income: $258,000 sales & 20,800 rent



Business for Sale Overview:
This is a busy neighborhood bar and lottery with 2 apartments upstairs. Each apartment rents for $200 per week. The business and real estate can be purchased for $715,000. Business only will sell for $275,000. The liquor license is a 7 day on-off from 6:00AM-2:00AM. The tavern business is good and lottery is strong. More information is available on the business and real estate. Support/Training: The owner will provide training in all facets of the business. Year Established: 1994.

Property Features and Assets:
Built in 1920; 3,349 total square feet; generally good condition; zoned B2-2; Bar on 1 st floor, 2 apartments on 2nd and 3rd. Tavern License is 7 day BWL on/off (no food required); strong lottery; Seller will also consider selling the business only for $275,000; with rent of $1,500 per month. NNN for the first floor.

Market Competition and Expansion:
The business is in an area that has seen a great deal of recent redevelopment, and has a steady loyal clientele.


Additional Details:
  • The property is owned.
  • The owner is 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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