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Business For Sale
RESTAURANT
Attn:
Jeff Hammond
Montgomery County, MD, USA
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Listing Number: "N251-JH"
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Listing
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Asking Price: |
$385,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Retirement |
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Year Established:
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1992 |
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# of Employees:
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3 full time, 6 part time |
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Yearly Cash Flow:
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$154,800 |
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Yearly Gross Income:
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$480,000 |
Business for Sale Overview:
This is an attractive restaurant with Latin Cuisine. It is located in Silver Spring, Maryland within walking distance of the Silver Spring Metro and in Silver Spring?s busy downtown area. A casual atmosphere and an attractive appearance make this a great place for lunch, dinner or a late evening meal. It is open 7 days a week, and has a full time manager. The new owner would be in a position to work out an arrangement to maintain that full time manager in place. The current owner works in the business less than full time. The new owner could work in the business in order to benefit from potential growth, or the new owner could operate the restaurant as an investment by working in the business less than full time. The restaurant presently serves Latin food to a loyal customer base. However it would be possible to expand or modify the menu or even change the style of the restaurant. The desirable, busy location has great potential for future growth.
Property Features and Assets:
Established in 1992 with 2,270 Square Feet of space and in a great location, restaurant has 68 seats.
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 may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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