Rapidly Growing, and Very Profitable Rest./Sports Bar in Mont. Co., MD

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Business Description

In business since June of this year (2019), this excellent business is on track to have Gross Revenues of at least $2,400,000 in the first 12 months of existence. The owners invested $1,200,000 in total Build Out and All NEW Equipment. Located in a part of Montgomery County, MD where there is NO REAL COMPETITION. This is the 2nd of a Pair of Restaurant Sports Bars being offered by the husband and wife owners. As stated in the other listing it can be purchased individually or as a pair with the other location. Currently offering Beer & Wine, there is a real possibility that within the next 9 Months to 1 Year, they would be able to also offer Liquor, which would increase the Gross Revenues easily by at least $500-750,000 per year. Hands on Owner Operator Management style would work the best to continue the outstanding growth.

About the Business

Location:
Montgomery County, Maryland
Year Established:
2019
Number of Employees:
26 FT, 3 PT
Real Estate:
Leased
Building Sq. Ft.:
3,100
Rent:
$10,000.08 Per Month
Lease Expiration:
5/31/2029
Facilities:
3,100 Square Feet, with Total Monthly Rent of $10,000, and a 10 Year Lease Term, with One 10 Year Option. All the Equipment is Brand New, and only 5 months old. $1,200,000 in Build Out and Equipment, fully owned.
Market Outlook/
Competition:
NO Similar business Competition in the Area.
Growth & Expansion:
Continue offering new special offerings, and marketing/advertising to let everyone know you are there.
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About the Sale

Reason For Selling:
Semi Retire
Training/Support:
Sellers will give what ever amount of time required for the new owner to be fully Trained and Comfortable with the operation.
Seller Financing:
Negotiable

Listing Info

ID:
1699894
Ad Detail Views:
30
Asking Price:
$1,300,000

Gross Revenue:
$2,400,000
Cash Flow:
$400,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$400,000
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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