Business For Sale

Premier Asian Bistro for sale in Historic Charles

Baltimore, MD
Baltimore City County


Asking Price: Annual Revenue:
$200,000 $624,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Premier Asian Bistro for sale in Historic Charles Broker: Derrell Gilchrist

Quick Facts

Asking Price: $200,000
Annual Revenue: $624,000
Net Profit: Not Disclosed
Cash Flow: $174,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 85651174
Broker Reference #: 76551-90399

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Business Overview:

Well established Asian Bistro has served as a staple in the highly sought after Charles Village historic community for almost 20 years. Recently renovated and licensed for live entertainment accompanied by a liquor license, this location gives potential owners the opportunity to corner the night life of a diverse high to middle income community. Over 75 seats, not including outside seating during the summer months. Gross Sales are roughly $12,000 per week. Building also consist of 5 room living space on the top floor that can easily be rented out as individual units. Perfect for the experienced operator looking for a second or third location.

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Property Features and Assets:

No competition within 1.5 miles.

Market Competition and Expansion:

This business is licensed for 3 live entertainment events per week which has yet to be taken advantage of. Furthermore to obtain permission in this protected historic community is very rare. Outdoor seating coupled by a stable liquor license in regards to the new zoning laws, allows new owner to develop this establishment into a thriving business that benefits from the lunch rush consistently and allows locals the option of a entertainment venue which doesn't currently exist within 2 miles.

Reason for Selling:

Family

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.

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