Business For Sale

Restaurant - Feeding the Multitudes - 21017

Baltimore County, MD
Baltimore County


Asking Price: Annual Revenue:
$1,000,000 $1,909,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant - Feeding the Multitudes - 21017 Broker: Nicholas Amandos
Owner Financing is Available!
$400,000 down & assume SBA financing

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $1,909,000
Net Profit: Not Disclosed
Cash Flow: $270,120
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 5
BBN Listing #: 98274447
Broker Reference #: 21017

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Business Overview:

***Regional Landmark Restaurant With Assumable Financing*** This American style buffet restaurant is a well known favorite in the Baltimore area and adjacent counties. There are 150,000 people within a few minutes easy drive. With 300 parking spaces and 18,500 square feet, it seats more than 470 and serves over 185,000 guests every year. The real estate is available for purchase directly from the owner. This would lower operating costs by 30 percent and improve the Annual Cash Flow shown below by about $100k. In place financing may be assumed by a qualified buyer. Open every day for lunch and dinner, the buffet features a popular breakfast on weekends. Banquet rooms are booked well in advance. This comfortable spacious venue is always busy and is normally filled to capacity on weekends. Besides sit down service, the restaurant does a lot of take-out business. Approximately 65 percent of total revenues are Cash. Patrons flock to this popular spot for top quality sirloin steaks grilled to order, and Daily Specials, including scallops, crab cakes, shrimp, liver & onions, Virginia baked ham, and Buffalo wings plus a large selection of side items and desserts to accompany every entree. To keep quality up and costs down, the restaurant buys 50 tons of beef every year directly from nearby farms. The bulk meat is cut to standard portions in the modern 3500SF kitchen. The building is solid, attractive, and well maintained. The space is configured to accommodate multiple private parties and groups of various sizes. All copper plumbing was replaced several years ago. A new roof was installed last year. The point of sale (POS) system enables detailed accounting.

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Reason for Selling:

Personal

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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