Profitable Downtown Baltimore Restaurant For Sale

Baltimore, MD (Baltimore City County)

Profitable Downtown Baltimore Restaurant For Sale
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Asking Price: $239,800

Cash Flow: $99,252

Gross Revenue: $526,124

EBITDA: $99,252

FF&E: $101,589

Inventory: $25,000*

Rent: $2,500 /Month

Established: 2014

*not included in asking price.

Profitable Downtown Baltimore Restaurant For Sale

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Business Description

Seller’s retirement is providing this rare opportunity for someone to acquire a restaurant walking distance to the inner harbor. Safe and bustling prime downtown location within a half mile of the sightseeing hub and home to Maryland Science Center, National Aquarium, and many other tourist attractions. Great 10-year lease at just $2500 per month.

In addition, repeat customers come from major businesses in the neighborhood such as Baltimore Gas & Electric (BGE), PNC Bank, Radisson Hotel and from locals residing within walking distance. The restaurant has a wide selection of food catering to a large market. The restaurant is open for breakfast and lunch and provides delivery services to the neighborhood thru a 3rd party vendor. Additional income is made thru the selling of convenience items (potato chips, soda, candy etc…) and catering events for various local organizations. Superb lease at just $3825 per month offering 3010 ft on 2 levels with a fully equipped kitchen, dining room, and additional seating for catered events, holiday parties, etc... Family owned and operated this restaurant is the perfect opportunity for a new owner to capitalize on this prime location and exponential potential to increase revenue. No experience is necessary, owners will train for a smooth transition and a full year of Business Coaching is also included. We will coach you to:

• Increase your revenue without hiring new staff
• Get more sales from your current customers
• Increase your average transaction amount
• Create content for your company
• Compete successfully with much bigger companies
• Get “unstuck” from a nagging business problems

******************* Why are Including a Coaching Program *********************

We include a coaching program for a full year because we want you to be successful. Whether you are a serial entrepreneur or if this is the first business, you want a coach. Your coach will be there for guidance and brainstorming. Have someone to bounce ideas off. You will also have an accountability partner and an experienced business person working for you. Contact us today for more information or call 800 905-1213 for more details.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,010
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Amazing space with over 3000 ft on 2 levels, fully equipped kitchen, dining and convenience store area. 2nd level has additional seating and capability for catered events/parties. Low rent payments make it easy to make money here.
Competition:
Downtown is the historic financial district in Baltimore with hundreds of businesses found there and it remains the center of life in Baltimore since Baltimore was chartered in 1796. Most of Baltimore’s skyscrapers are located in Downtown as well as the historic Charles Street corridor. Downtown Baltimore has increasingly become the preferred residential section and also contains Camden Yards, which includes the well-known home of the Baltimore Orioles, Oriole Park at Camden Yards, and M&T Bank Stadium, home of the two time Superbowl Champs, the Baltimore Ravens. The World Famous Lexington Market remains in its original 1789 location Downtown – you can find anything from a famous Faidley’s Crab cake to a fresh baked Berger cookie at the Berger Cookie. There is an abundance of entertainment and shopping choices in Downtown –shops, restaurants, popular clubs and bars located in and around the Gallery at Harborplace and the Power Plant Live. The Pratt Street Power Plant was built in 1900. There are also some of the best theaters – the Hippodrome and The Everyman Theater.
Growth & Expansion:
Potential to increase sales and profits by adding dinner business and increased marketing to businesses in the area and so much more. This is a rare opportunity to be at the right place at the right time
Support & Training:
Owner will provide 2 weeks of training and more based on mutual agreement. One on one coaching from a restaurant specialist for one year. This support will support even a restaurant veteran.
Reason for Selling:
Retirement
Business Website:
http://www.bizprofitpro.com
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Marv White

Business Listed By:
Marv White

Bizprofitpro

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