$1M very profitable casual restaurant - SBA or OF available must see!!

Frederick, MD (Frederick County)

Seller Financing Available
$1M very profitable casual restaurant - SBA or OF available must see!!

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:$36.00

Established:2006

$1M very profitable casual restaurant - SBA or OF available must see!!

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Business Description

Very Profitable Italian Restaurant with SBA or OF availiable - price recently re

This business (casual sit-down Italian), by all fair national price points, should sell in the low $300, 000's. Seller has reduced the price to $215, 000 - this is the best restaurant deal in Frederick or Montgomery Counties. This business has excellent bookkeeping; IRS records; it would easily qualify for SBA lending. The seller will finance 10% of the down payment required by the SBA, which means the new buyer would only need 10% (approx. $23, 000). For additional information, contact mike@saedlogroup.com or call at 301-675-1292.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
1/1/2027
Employees:
20
Facilities:
A beautiful turn-key restaurant, in excellent condition, located in a major class-A shopping center. Restaurant is in perfect condition, sellers did a major remodel approximately two years ago (new carpet, painting, seating, etc.) new purchaser would not need to add any additional costs for any upgrades or renovation.
Competition:
Location is excellent, for sure there are many other national chains on the same highway. Shopping center is 100% lease, don't expect any competition in the future.
Growth & Expansion:
The #1 thing to remember is that the business is run mostly absentee. A full-time owner-operator, individually or with family, could definitely improve sales and cash flow.
Financing:
yes, to qualifed purchaser
Support & Training:
Yes - at least two weeks, up to a month if required.
Reason for Selling:
Retirement

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mike saedlo

Business Listed By:
mike saedlo

Mike Saedlo Group, LLC

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