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Business For Sale

Restaurant and Lounge

Anne Arundel County, MD, USA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$120,000
$416,000
$50,000
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1984
3
31028094

Business for Sale Overview:

Reduced! SUPER Motivated!! Located on the end/corner of strip center with plentiful parking. This sell has owned this business for 25 years and is ready to retire. License: Beer/Wine/Liquor 7 Day. Monthly Payroll: $3,000. Lease: 7 year/Rent: $6,078 and includes all CAM, Taxes. Utilities: approx. $1,900 (electric/utilities) plus approx. $1,000 for propane. 4,900 square feet. Three employees. All kitchen equipment is in good shape. Bar is only about 4 years old and is beautiful! Hours: Weekdays 11:30 am to 11 pm. Weekends 11:30 am to 1 am. Seats 115 for Dining and 15 at Bar. Two TV's, three lottery keno screens. Has Lottery/Keno license. Located in busy strip center off busy highway. Has XM Satellite radio in both bar and dining area. This restaurant and lounge has a wide variety of customers and can easily be converted from offering Chinese to American or Any other dish menu.

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.

Reason for Selling:

Retiring.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist 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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