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- RE: Absentee-Owned Restaurant In Historic Downtown
- Contact: Justin Sandridge
Quick Facts
Asking Price: | $1,200,000 | |
Annual Revenue: | $1,934,751 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $433,665 | |
Total Debt: | Not Disclosed | |
FF&E: | $16,050 | |
Real Estate: | Not Disclosed | |
Year Established: | 2010 | |
Employees: | 34 | |
BBN Listing #: | 995700 | |
Broker Reference #: | 1305-19021 |
Business Overview:
Absentee-Owned $2M+ Revenue Restaurant in Historic Downtown – Real Estate Available
This well-established full-service restaurant operates in a restored historic building in a charming downtown setting. Known for its consistent $2M+ in annual revenue and over 67% gross margins, it has built a loyal customer base through a combination of Southern-inspired cuisine,elevated hospitality, and a full-service bar. The business has a proven operational structure with a general manager and assistant managers overseeing day-to-day operations, allowing the current owner to be removed from day-to-day operations.
Strong discretionary earnings, consistently producing over $440,000, highlight its stable financial performance. Industry trends in Maryland continue to support growth in full-service, single-location restaurants, with consumer interest in local, experience-driven dining remaining strong. The restaurant is fully staffed, well-maintained, and modernized for guest reservations and service efficiency,providing an attractive opportunity for an experienced operator or hospitality investor. The real estate is being offered for sale (or lease), by Infinitas Realty, in conjunction with the sale of the business for an additional $1,400,000. This opportunity has been prequalified for lender financing for a well-qualified buyer with or without the real estate purchase.
The business is owned by a fully absentee owner who has lived out of state for two years. A General Manager and Assistant Managers manage the restaurant. The SDE shown includes a rent charge of$79,500, is based on the Last Twelve Months through May 2025, and is for a full-time owner-operator.
Qualified buyers will receive a complete Confidential Information Memorandum (CIM) upon completing the Non-Disclosure Agreement and showing the capability to purchase the business. >>
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Property Features and Assets:
This full-service restaurant operates from a restored historic property in a walkable downtown area of a Southern Maryland community. The building blends classic charm and is fully equipped for high-volume food and beverage service. Indoor dining is complemented by seasonal outdoor seating, creating a welcoming guest experience. A related entity owns the property and is available for lease or sale with the business.
Assets - $41,050
Market Competition and Expansion:
Operating in a stable and growing sub-regional market, this restaurant benefits from local loyalty and visitor traffic in a walkable downtown setting. While the broader industry is competitive, the business has carved out a durable niche through its atmosphere, food quality, and professional service. It stands out from nearby casual dining and national chain concepts by offering a distinctive dining experience in a high-visibility location.
This established restaurant offers multiple avenues for future growth. A new owner could expand private events, optimize underutilized marketing channels, and increase revenue through enhanced takeout and digital ordering. The restaurant’s financial performance is strong, but operations have remained relatively stable under absentee ownership, suggesting that a more involved owner could capitalize on several low-hanging opportunities.
Reason for Selling:
The owner is pursuing other business ventures. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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