Premier Asian Bistro for sale in Historic Charles Village

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Asking Price:
$150,000

Gross Revenue:
$490,000
Cash Flow:
$125,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$6,000
included in asking price

FF&E:
$60,000
included in asking price

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Business Description

Well established Asian Bistro has served as a staple in the highly sought after Charles Village historic community for almost 20 years. Recently renovated and licensed for live entertainment accompanied by a liquor license, this location gives potential owners the opportunity to corner the night life of a diverse high to middle income community. Over 75 seats, not including outside seating during the summer months. Gross Sales are roughly $12k per week. Building also consist of 5 room living space on the top floor that can easily be rented out as individual units. Perfect for the experienced operator looking for a second or third location.

About the Business

Location:
Baltimore, Maryland
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$1.18 Per Month
Market Outlook/
Competition:
No competition within 1.5 miles.
Growth & Expansion:
This business is licensed for 3 live entertainment events per week which has yet to be taken advantage of. Furthermore to obtain permission in this protected historic community is very rare. Outdoor seating coupled by a stable liquor license in regards to the new zoning laws, allows new owner to develop this establishment into a thriving business that benefits from the lunch rush consistently and allows locals the option of a entertainment venue which doesn't currently exist within 2 miles.
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About the Sale

Reason For Selling:
Family
Training/Support:
2 weeks

Listing Info

ID:
1452128
Ad Detail Views:
468

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$
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Business Listed by

Derrell Gilchrist

Transworld Business Advisors of Baltimore

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Sponsoring Broker:

Yuri Kovalenko
Transworld Business Advisors of Baltimore


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