Fine Dining Indian Restaurant and Bar for sale in Howard County

Howard County, MD

Fine Dining Indian Restaurant and Bar for sale in Howard County

Asking Price:$300,000

Cash Flow:N/A

Gross Revenue:$700,000

EBITDA:N/A

FF&E:$150,000

Inventory:$5,000*

Rate/Sq. Ft.:N/A

Established:2011

*not included in asking price.

Fine Dining Indian Restaurant and Bar for sale in Howard County

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Business Description

A turn key operation with massive potential

Located in a large corporate community with hundreds of offices within 3 miles. Excellent location for drawing lunch crowds numbering over 100+. Experienced staff that has catered events with 1,200+ guests at a single time. Contemporary décor and ambiance with classically authentic Indian cuisine. Well known for a very popular, and very large lunch buffet, and varied menu serving North Indian, South Indian, and Indo Chinese Cuisine. A very loyal and reliable customer base that have been patrons for over 5+ years. Preferred catering partner for several banquet halls, ball rooms, hotels and other venues around Howard County. Lease till 2020 with option to extend. Competitive rent with co-operative and supportive Property Management Company.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,700
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,700 Sq ft, 150 person seating Fine Dining Indian Restaurant and Bar with a large, clean kitchen and the capacity to handle off-site catering for weddings, birthdays, anniversaries, and graduation parties. Well suited to host corporate and family events with a projector, central sound system, and private event space or 60-75 people. Only Indian restaurant within 20+ miles with the capacity to handle private events.
Competition:
The community is very supportive of its ethnic restaurants, and is arguably the most popular style of cuisine in the area. The restaurant has many competitive edges, including but not limited to its size, location, ambiance, menu selection, and service. The restaurant is rated well over 4 stars on Yelp, UrbanSpoon, TripAdvisor, Google, Facebook, and every other major review site.
Growth & Expansion:
An energetic marketing campaign targeting the hundreds of office buildings around the restaurant can further boost an already popular lunch, and provide a big increase in weekday and weekend dinner sales. A must see restaurant with plenty of room for growth to increase sales, in a community that is very supportive of its local businesses and restaurants.
Support & Training:
1 month training will be provided to the new owner. Any support required beyond 1 month can be negotiated
Reason for Selling:
Owner relocating out of state for family reasons.

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