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




Real Estate:$2,800,000*


*not included in asking price.

Well Established Waterfront Restaurant Lease or Purchase Real Estate

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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.

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Detailed Information

Not included in asking price
Real Estate:
Not included in asking price
Building Sq. Ft.:
2 FT and 22 PT
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
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

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Sondra Yarbrough

Business Listed By:
Sondra Yarbrough

Baltimore Washington Business Brokerage LLC

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