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Maryland Business For Sale |
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| NEIGHBORHOOD TAVERN |
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| Attn: Alicia Wines |
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| Baltimore City, MD, USA |
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| Asking Price: |
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$225,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Bars, Clubs, Nightspots |
| Reason for Selling: |
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The owner wants to work in a business that is not |
| Year Established: |
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1958 |
| # of Employees: |
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4 |
| Yearly Gross Income: |
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$329,449 |
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Business for Sale Overview:
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This tavern has been a Baltimore City Landmark for 50 years. Pouring alcohol to package goods ratio is about 50/50. The sales breakdown is $280,755 in sales and lottery sales are $48,694. The space has a large walk-in cooler.
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Property Features and Assets:
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The facility rents for $3,000 per month NNN and is subject to a new lease. The building is 2,658 square feet and the bar area is 1,300 square feet. There is street parking with a corner location which is common of Baltimore City bars and taverns.
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Market Competition and Expansion:
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Competition: There are several bars within 4 blocks.
Growth and Expansion: The owner is almost totally absentee so a new owner/operator would profit more by being hands on. Adding food would increase revenue as well.
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Additional Details:
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- The property is leased.
- 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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