Tavira Restaurant, Chevy Chase, MD

Montgomery County, MD

Tavira Restaurant, Chevy Chase, MD
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $890,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $26,614,320 /Month

Established: N/A

Tavira Restaurant, Chevy Chase, MD

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Business Description

Located next to large, new residential development near Chevy Chase Lake where there will be over 500 units starting at $1 million, Columbia Country Club & next to the Purple Line Metro Rail • Situated in Lower Montgomery County, MD, it seats over 100 in about 3,900 s.f. • The main entrance features the bar area that seats 10 at the bar and another 12 in the lounge area. • There are 2 POS stations, a large screen TV and a fireplace to accent the cozy setting. • There are 2 private dining rooms in the main dining area that seat 15 each and another 52 seats in the main dining room. • The kitchen is fully equipped and features a 14’ hood, charbroiler, 2, six burner stoves with ovens and plenty of refrigeration. • There is also a very large storage room for food & liquor along with several upright fridge & freezers. • It is fully sprinklered and has a very large covered parking area. • Sales are averaging over $17,000/week. • The rent is only $7,000/month. • There are 5 years left on the lease and the owners will extend it to a qualified Purchaser. • Business has a class B liquor license.

Detailed Information

Location:
Montgomery County, MD
Real Estate:
Leased
Building SF:
3,846
Lease Expiration:
2/1/2024
Reason for Selling:
Moving
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Jim McGinnis

Business Listed By:
Jim McGinnis

Restaurant Brokers & Developers, Inc.

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