Premier Asian Bistro for sale in Historic Charles Village

Baltimore, MD (Baltimore City County)

Premier Asian Bistro for sale in Historic Charles Village
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Asking Price: $150,000

Cash Flow: $125,000

Gross Revenue: $490,000

EBITDA: N/A

FF&E: $60,000

Inventory: $6,000

Rent: $1.18 /Month

Established: N/A

Premier Asian Bistro for sale in Historic Charles Village

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Business Description

Well established Asian Bistro has served as a staple in the highly sought after Charles Village historic community for almost 20 years. Recently renovated and licensed for live entertainment accompanied by a liquor license, this location gives potential owners the opportunity to corner the night life of a diverse high to middle income community. Over 75 seats, not including outside seating during the summer months. Gross Sales are roughly $12k per week. Building also consist of 5 room living space on the top floor that can easily be rented out as individual units. Perfect for the experienced operator looking for a second or third location.

Detailed Information

Location:
Baltimore, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
No competition within 1.5 miles.
Growth & Expansion:
This business is licensed for 3 live entertainment events per week which has yet to be taken advantage of. Furthermore to obtain permission in this protected historic community is very rare. Outdoor seating coupled by a stable liquor license in regards to the new zoning laws, allows new owner to develop this establishment into a thriving business that benefits from the lunch rush consistently and allows locals the option of a entertainment venue which doesn't currently exist within 2 miles.
Support & Training:
2 weeks
Reason for Selling:
Family
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(from currently available funds)
 
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Derrell Gilchrist

Business Listed By:
Derrell Gilchrist

Transworld Business Advisors of Baltimore

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Sponsoring Broker:
Yuri Kovalenko

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