Restaurant with a warm and cozy atmosphere
Location: Maryland > Howard County
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $799,000
Gross Revenue: $1,715,078
Cash Flow: $255,000
Inventory: $60,000 (Not Included in Asking Price)
FF&E: $252,324 (Included in Asking Price)
Seller Financing: Bank financing for qualified individual with liquid assets&restaurant experience
Business Summary
This is a well-established, well-known restaurant located in much sought after Howard county. The business is located in a busy shopping center. There is approximately 3965 square feet and the restaurant seats 100 plus the bar. there is 4 years left on the lease with 2 five year options. The rent is currently $11,000 NNN and includes CAM, promotional fund, taxes and 6% above breakpoint. The restaurant is open 6 days a week for lunch and dinner. Serves Sunday Brunch. There is live entertainment on the weekends. If you are looking to expand or if you have a background in the restaurant business, don't miss out on this attractive opportunity.
About the Business
Year Established: 1998
Employees: 15 full time - 15 part time
Facilities: Well-established award winning Asian restaurant and bar with a delightful ambience. Open 6 days a week. 3965 sq feet--seats 100. Very proifitable. 4 years left on lease with 2 five year options. Zagat rated, voted baltimore's best 7 years in a row. Live entertainment on weekends.
Market Outlook and Competition: Business is located in great shopping area. There are other restaurants in the area; however this is one of the largest and best known This restaurant serves clientele from Montgomery county to Baltimore County. It has been voted "the regions best restaurant 7 years in a row.
About the Sale
Management Training and Support: Owner will train for 3 months and be available for consult for 3-6 additional months.
Reason For Selling: Owner has two ad'l restaurants; Needs more time for family

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Listing Tools
BizQuest ID:858680
Business Listed By
Name:Sondra Yarbrough
Company:Baltimore Washington Business Brokerage LLC
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