Business For Sale

Upscale Restaurant in Booming Area

Not Disclosed, MD
Baltimore County

Asking Price: Annual Revenue:
$550,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots

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RE: Upscale Restaurant in Booming Area Broker: Sondra Yarbrough

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 10
BBN Listing #: 533027212
Broker Reference #: DB419

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Business Overview:

Opened two (2) years ago, in anticipation of growth in the area, the partnership has dissolved before the dream is realized. Located in the downtown area, amid the focal point for legal commerce, the Restaurant was designed for that community and the growing number of Condominiums and upscale Apartments (1200 more opening for occupancy by the end of 2017,) that surround it. The Sellers are asking a discounted amount for the Assets of the Restaurant, which has a very reasonable lease and a great future!

Business currently caters to the Courts and Law Firms in the area, as well as the Hotels nearby that also cater to that element. Therefore, until promotions change the dynamic and the Condo/Apartment market increases later this year, the Restaurant was not anticipated to be open on Saturdays. (There is a successful Sunday Brunch.) Therefore, more work in rounding out the weekend trade is definitely a means of improving business, as is Catering. Since Attorneys are a vital part of the mix, this is a natural next move, as are promotional moves to BGE , M&T Bank and others, which are very, very close by.

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Property Features and Assets:

Newly renovated Apartment building, with the Restaurant on the street level, offering great visibility. All equipment is in working condition and was purchased new, for this location. All is top-of-the-line quality

Market Competition and Expansion:

Four competitors in a crowded population area. Weekends are soft, but growing as new Condominiums and Apartments are occupied. 12 new units to be occupied by the end of 2017.

Reason for Selling:

Retirement of senior partner.

Additional Details:

  • The property is owned.
  • The owner is not 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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