High Volume, Full Service Restaurant and Bar in a prime location

Carroll County, MD

Seller Financing Available
Colonial Business Brokerage

Asking Price:$649,500

Cash Flow:$186,000

Gross Revenue:$835,000

EBITDA:$105,450

FF&E:$45,000

Inventory:$25,000

Real Estate:$2,249,500*

Established:2005

*not included in asking price.

High Volume, Full Service Restaurant and Bar in a prime location

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Business Description

Exciting opportunity to own a well-established, highly desirable, full-service restaurant and bar located in a prime location within Carroll County. High visibility with easy commuter access located in an affluent community with a growing population makes this opportunity a must see. This operation has a long history, is well managed, and maintains a loyal customer base.

Full Service and Carryout restaurant capability with separate bar area entrance. Large bar area with pool tables and live band capabilities. Banquet rooms for private functions; weddings, birthdays, corporate events, and the like. Large parking lot with easy access to entrances at the front, side, and rear of the restaurant and bar. Easy access from a major roadway and is located near a major intersection.

This is an outstanding opportunity to own a high volume, full service restaurant, carryout, and bar combination.

Contact Tom Flowers / Colonial Business Brokerage / 443.982.7332 ext. 701

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately a 13,000 square foot building with ample parking and front, side, and rear entrances. Banquet facilities available for weddings, birthday, and corporate events. Handicapped accessible entrances. Large bar area with pool tables and tournament capabilities, as well as room for live band offerings Highly visible frontage with heavy traffic and easy access to roadways with plenty of available parking. Lease is held by the owners and the opportunity to own the real estate can also be made available.
Competition:
Standard Full-service restaurant, carryout, and bar competition in the area, but this location has maintained a loyal customer base for decades given its strong management, prime location and excellent and growing community base.
Growth & Expansion:
Owners have identified several areas for growth and expansion opportunities of the restaurant and bar's offerings that could be very attractive to a new owner to pursue.
Support & Training:
Owners will provide full training and support to new ownership and management. As well as being available for ongoing support post transition.
Reason for Selling:
Owners looking to concentrate on other businesses

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Tom Flowers

Business Listed By:
Tom Flowers

Colonial Business Brokerage

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