Well Established Waterfront Restaurant Lease or Purchase Real Estate

Saint Michaels, MD (Talbot County)

Well Established Waterfront Restaurant Lease or Purchase Real Estate

Asking Price:$250,000

Cash Flow:$145,915

Gross Revenue:$1,338,166

EBITDA:N/A

FF&E:N/A

Inventory:$7,000*

Real Estate:$2,800,000*

Established:1995

*not included in asking price.

Well Established Waterfront Restaurant Lease or Purchase Real Estate

Get Financing Save Print Share Valuation Report

Business Description

Located in St. Michaels Maryland, this well established restaurant has breathtaking waterfront views. This is a leased property. This waterfront restaurant has multiple dining spaces to appeal to various clientele, i.e. one could host a private party on the second floor with spectacular views of the bay, while other diners park their boats at one of the restaurant's available slips. There is also a first floor gazebo room for private parties. There is ample parking with 65 space parking lot with an additional 18 employee spaces.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
9,000
Employees:
2 FT and 22 PT
Facilities:
This is a 9,000 sq. ft leased property. Approximately $13,000/month. There is ample parking with a 65 space parking lot with an additional 18 employee spaces. This restaurant is part of 4 units that have been converted into condominiums and the asking price for this property is $2,800,000.00
Competition:
While there are many restaurants in St. Michaels, none have the spectacular views or the delicious food that this well established restaurants has.
Growth & Expansion:
Aggressively market the second floor party room. Possibly stay open later during the summer season. Create an opportunity for customers to enjoy televised sports during the off season.
Support & Training:
4 weeks of training
Reason for Selling:
Other business interests

Listing Statistics for Premium Members

Ad#:1201619 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Sondra Yarbrough

Business Listed By:
Sondra Yarbrough

Baltimore Washington Business Brokerage LLC

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

Find out more...

Get more details about this business.


Similar Listings


Tracks and Records

Franchise Opportunity In MD
Capital Required: $700,000