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Business For Sale

Casual Waterfront Dining For Sale with Real Estate

Anne Arundel, MD

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$2,750,000
$1,551,193
Not Disclosed
$353,872
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
$200,000
$2,000,000
1997
49
41804955

Business Overview:

"A local Maryland gem" this well-established casual waterfront restaurant is know for serving incredible crab cakes, steaks, fresh seafood and even great burgers and sandwiches. Family owned and operated since 1996, the current owners have tried to exceed customer expectations by using the freshest ingredients possible. They have build a loyal local following, and draw plenty of travelers from the Washington, DC and Virginia areas for their lunch, dinner or Sunday brunch. This establishment has won Runner Up from The Capitol newspaper for best crab cake, best seafood, best brunch, best cream of crab and best buffet. They have also been named "Best of Annapolis 2008" by What's Up Magazine for their Cream of Crab, Crab Cake and for their wait staff. Additionally, the property features slip rentals and overnight docking for transient diners, on/off liquor sales, carry out and sodas, beer and Ice. There is electric hook up at the marina slips and their are several shallow slips available for rent seasonally for small boats. New owner may choose to dredge marina and increase seasonal boat docking availability.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Assets=$2,750,000.

Market Competition and Expansion:

Very little competition in immediate area, especially in terms of casual waterfront dining. Potential to expand catering or party hosting offerings. Also, new owner could expand marina services.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.