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Business For Sale

FULL SERVICE RESTAURANT W /CARRY-OUT AND CATERING

Attn: Arnold Heckman
County: Montgomery, MD, USA
Listing Number: "2928"
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Asking Price: $$350,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Seller's overseas business requires travel.
Year Established: 1995
# of Employees: 3FT/9PT
Yearly Revenues: $360,584
 

Business for Sale Overview:

Restaurant has been a landmark since 1995. With 25 private parking spaces and excellent food, the restaurant has provided good service to the local community. Catering menu is available for business meetings, birthdays, small sized corporate events, retirement parties and weddings. Food cost with supplies averages 34%. Seller believes that an experienced owner/operator can significantly increase profit sales. Cash flow for 11 months in 2006 was $137,000, while the cash flow for the first 6 months in 2007 was $72,000.


Property Features and Assets:

Bldg. Size: 2,000 sq.ft.; Lease Period: 2018; Mo. Rent: $5407.50 Exclusive.


Market Competition and Expansion:

Inventory not included in sales price.


Additional Details:

  • 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 resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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