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- RE: Restaurant/Bar With Property For Sale
- Contact: Paul Adler
Quick Facts
| Asking Price: | $1,350,000 | |
| Annual Revenue: | $950,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1960 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 938830 | |
| Broker Reference #: | F 500 |
Business Overview:
Unique opportunity to purchase an iconic bar and restaurant with property. This is a freestanding building on 1.95 acres on a high traffic main road with over 45,000 cars passing by each day, and ample parking. The property was appraised by the bank in 2021 at $1,350,000 exclusive of the FFE, the liquor license and the business, which has sales of around 1 million per year. The restaurant has 2 bars, one indoor and one on the outdoor deck, which seats about 95 and is enclosed and heated for year-round use. This is one of largest outdoor dining venues in the entire area. The second floor is currently used as the office and storage, and has two large apartments that, after renovations, could be an additional revenue stream or used as an owner or manager residence. You can keep the existing concept and name or rebrand to any cuisine or concept. The 7-day license allows for package goods and live entertainment. A tremendous opportunity for the right owner to take this to the next level.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Maryland businesses for sale
- View more Businesses For Sale in the same industry
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