NOT DISCLOSED, Maryland
| Asking Price |
$975,000 |
Year Established |
2010 |
|
| Annual Revenue |
$3,000,000 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$246,000 |
Attention |
Jim McGinnis |
|
| Annual Cash Flow |
$374,000 |
Listing Number |
553046 |
|
| # of Employees |
35 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Great location of a freestanding building (6,599 square feet) with plenty of curbside appeal located in AA County. Daily traffic count in front of the building is over 50,000. Close to Annapolis & Baltimore. Seating capacity for the restaurant is 250, with an outdoor patio that seats 40. There is a 7 day, 2:00 am liquor license.
The building is ADA compliant with accessible ramps and entrances and has a security, sound, and sprinkler system in place .Vaulted, hardwood-plank ceilings feature ceiling fans and beautiful, exposed wood beams catch your attention immediately upon entering the restaurant. There is extensive stonework throughout the establishment and a fireplace that sets an inviting atmosphere in the main dining area
There are 28 TV’s throughout the restaurant and the restaurant is equipped with Digital Dining P.O.S.
The space features 2 bars- one of them being a service bar with 2 TV’s and minimal seating. The other being the main attraction with a large hardwood U-shaped bar that seats about 20 and features over 10 TV’s to choose to view. There are 12 beer on tap at this restaurant.
This kitchen features a 22-foot hood, 8 burner stove, two 2 basket friars, a 3 ft flat top and 3 ft charbroil grill. There is a large ice machine, dish area, and walk-in fridge/freezer combo and has an employee bathroom. In the basement there is a separate entrance for kegs, as well as a keg box and liquor storage. There is also a medium sized merchandise/storage closet The is also an Arcade Game area.
Sales are averaging over $53,000/week. The current rent is $15,000/month NNN. Landlord will give a new 10-year lease with 2-five year options and will sell the property also.
SDE/Owners Cash Flow $374,000.
Property Features and Assets:
Free standing building.
Market Competition and Expansion:
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