Newly Remodeled Chinese Restaurant – Can Convert!

Parkville, MD
Baltimore County

Asking Price: Annual Revenue:
$45,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Newly Remodeled Chinese Restaurant – Can Convert! Broker: Alan Horn

Quick Facts

Asking Price: $45,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 4
BBN Listing #: 922832377
Broker Reference #: HZ407AH

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Business Overview:

Excellent opportunity to take over a recently remodeled Chinese restaurant just off 695 near the I-95 interchange in the Fullerton/Overlea area. There is a large fully equipped kitchen with 2,000 square feet to operate as dine in and/or carry out. This is a great option to convert to a new concept as it's priced at 20% of build out cost. There is an attractive lease in place and the restaurant is located in popular shopping center anchored by a high traffic grocery store and other national brands.

The owner is relocating out of the area and needs to sell, so this presents an excellent opportunity for the next owner to take over with out the headaches and costs of starting from scratch. Please contact us today as this business is priced to sell!

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Property Features and Assets:

The 2,000 square feet restaurant is situated in a 90,830 square feet shopping center with 474 parking spaces that is strategically located on the Route 1 corridor. The monthly rent is $4,779 a month (including CAM & NNN) with four years remaining on the lease and options to renew at the end of the current term.

Market Competition and Expansion:

Competition: There is standard competition for the industry and market. This location is situated in a high traffic market and draws significant traffic as it's along the Route 1 corridor and close to the 695 & I-95 interchange. Growth & Expansion: There is room to grow and expand on the existing model or switch to a new concept. The space was completely remodeled in 2018, so it's an ideal setup for a restaurateur looking for space at a fraction of the build out cost.

Reason for Selling:

Owner relocating out of the area.

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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