Large restaurant with Class B-BL License

MD

Seller Financing Available
Great Restaurant with Class B-BL License

Asking Price:$248,000

Cash Flow:$56,086

Gross Revenue:$568,475

EBITDA:N/A

FF&E:$44,600

Inventory:$15,200

Established:1990

Large restaurant with Class B-BL License

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Business Description

New Pricing!!!

This limited Full Service Restaurant has a 26-year history in this community.
The drinks are generous, the staff is attentive and the dining room can handle a family night out as well as a business luncheon, with a capacity of 237 patrons. One of only a few that can house specials events for 30+ patrons.
New Purchase Price requires a 1 year contract for owner to work for fixed salary and 2 months of free training.

Long known as the “Cheers” in the community, featuring 4 nights of weekly entertainment and generous parking.

Detailed Information

Inventory:
Included in asking price
Employees:
11 employee's
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New Pricing!! It has a full, professional kitchen with 3 food prep area's, multiple grills, ovens, walk-in's Ice machine, dry storage,dishwashing machine and large bar. $36,600 in furniture, fixtures and equipment convey. Seating capacity of 237 and ample, lighted parking. New Purchase Price requires a 1 year contract for owner to work for fixed salary and 2 months of free training, which provide for a great transition and retention of vendors, employees and customers!
Competition:
General competitive market for restaurants, however this is one of few with it's seating capacity, parking the ability to sell package goods and with a kitchen that can used to expand the business for catering.
Growth & Expansion:
This location has the ability to change it's offering to include Latino food, catering, package goods, etc.
Financing:
Yes
Support & Training:
Seller will support and train for 2 months and part of deal is to provide 1 year contract to owner for employment. This will provide a great transition and retention of vendors, employees and customers!
Reason for Selling:
Other Business Interests

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Will Ferguson

Business Listed By:
Will Ferguson

Baltimore Washington Business Brokerage LLC

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Sponsoring Broker:
Sondra Yarbrough

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