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#Business ID: 17039

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A Great Deal ! Restaurant / Bar

Business Location: Burtonsville, Montgomery, Maryland, United States

Asking Price: $ 239,000 Revenue: $ 720,800 Cash Flow: $ 135,000

[Furniture / Fixtures included]

Business Summary

Great Deal! Price to Sell Rest/bar

This is a true turn-key opportunity. If you are experienced and have good financials, [qualify for lease assignment] you could pick this restaurant up at well below fair market value. Seller is motivated due to personal and business reasons. Contact the Broker, Mike at 301-675-1292 or [email protected]

Facilities:

Recently completely remodeled at a cost of over $300,000. This Family style 2,400 SF restaurant comprises of a dining room that sits 50 and a separate bar area that sits another approximately 25, including the bar. Cost to build would easily be close to $500,000. Most equipment is new, everything is in good working order. 4 years left on the lease with 2/5 year options. Rent-$7,800/ month including water/ trash.

EBITDA: $135,000

Property Details

Years Established:

2004

Property Type:

Lease

FF&E:

$ 350,000

Inventory Value:

$ 5,000

Other Business Details

Business Location:

Burtonsville, MD (Montgomery County)

Competition:

Nothing new. This is a well established, seasoned casual style restaurant and bar that has a great reputation for good food.

Expansion Potential:

Lots of opportunity here. Business needs a "friendly owner/ operator" to increase sales an extra $2-3,000 a week.

Business Operation Details

Employees:

17

Support & Training:

Yes, to be determined.

Miscellaneous Details

Financing Available:

Yes
To be determined.

Reason For Selling:

Seller owns several restaurants, most in Virginia. Too far away to supervise.

Contact this seller

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