$2.3M Sales-Well Recognized Bar/Restaurant in a most desired location

Asking Price$1,050,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,300,000

Inventory$50,000
Not included in asking price
FF&ENot Disclosed

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$2.3M Sales-Well Recognized Bar/Restaurant in a most desired location


Asking Price$1,050,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,300,000

Inventory$50,000
Not included in asking price
FF&ENot Disclosed

Business Description
An Excellent sales history, a solid profitable high-end establishment
Solid 7 Years into this very well built Bar/Restaurant. Sales have been steady all these years even after Covid. A Profitable business model will not require an Owner presence. An owner presence will save a manager payroll. Full size kitchen and a full size bar to serve Guests. Total Seats about 290 including 180 inside and 110 outside patio.
LOCATION, LOCATION, LOCATION: An upscale area in Baltimore county , a high end neighborhood , See it To Believe it. 13 years Long lease remaining including 2 five years options.
About the Business
Years in Operation
7
Employees
30 (22 Full-time, 8 Part-time)
Total 30 Employees including 3 Managers
Facilities & Assets
Solid 7 Years into this very well built Bar/Restaurant. Sales have been steady all these years even after Covid. A Profitable business model will not require an Owner presence. An owners Presence will save managers payroll. Full size kitchen and a full size bar to serve Guests. Total Seats about 290 including 180 inside and 110 outside patio.
LOCATION: An upscale area in Baltimore county , a high end neighborhood , See it To Believe it. 13 years Long lease remaining including 2 five years options.
Market Outlook / Competition
Been at same location for about 7 years and have established solid presents in neighborhood. No direct competition in a same business class. Residents are rapidly growing and helping businesses around.
Opportunities for Growth
An owner present can improve sales by doing more advertisement in near by area.
Take an opportunity of large size patio by utilizing by hosting live events.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,500
Rent
$19,000.00 per month
Lease Expiration
11/28/2038
About the Sale
Seller Motivation
NO Personal Presence due to other business commitments.
Transition Support
Full training will be provided.
Listing Info
ID
2446384
Listing Views

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Business Listed by: ankit desai

Listing ID: 2446384 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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