Profitable, Growth-Primed Restaurant in Waterfront

Not Disclosed, MD
Prince George's County

Asking Price: Annual Revenue:
$414,725 $1,633,945

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable, Growth-Primed Restaurant in Waterfront Broker: Steve Palmer

Quick Facts

Asking Price: $414,725
Annual Revenue: $1,633,945
Net Profit: Not Disclosed
Cash Flow: $145,654
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 16
BBN Listing #: 846562708
Broker Reference #: 3122021-615550

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Business Overview:

This highly-rated, 7-year old restaurant is based on lesson-learned from owners with 40+ years of family experience in the industry. With an average ticket of $20 and an average table turnover time of 30 minutes, this lucrative establishment in the heart of a touristy hotspot is perfectly positioned to capture the flood of vacationers and business travelers ready to come roaring back post COVID-19.

There are immediate opportunities for the savvy investor to take this investment to the next level with the addition of a liquor license and through the continued expansion of their recently-implemented nation-wide shipment plan. And while it has been run as an absentee-owner model in the past, the restaurant’s proximity to both the water and nightlife may force the new owner to reconsider an owner-operator model.

Owned and operated by the same family throughout, this restaurant is based on family secrets developed over 40 years.
Continued sales growth through their national shipping campaign on GoldBellys and the introduction of alcohol sales offer perspective owners exciting growth potential.

There is also potential to franchise the business model as it does not rely on one cook, but instead is based on a "Chipotle-esc" assembly line style.

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Reason for Selling:

Other venture.

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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