Upscale Restaurant in Booming Area

Baltimore, MD (Baltimore County)

Upscale Restaurant in Booming Area
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Asking Price: Get Financing: $550,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2014

Upscale Restaurant in Booming Area

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Business Description

Opened two (2) years ago, in anticipation of growth in the area, the partnership has dissolved before the dream is realized. Located in the downtown area, amid the focal point for legal commerce, the Restaurant was designed for that community and the growing number of Condominiums and upscale Apartments (1200 more opening for occupancy by the end of 2017,) that surround it. The Sellers are asking a discounted amount for the Assets of the Restaurant, which has a very reasonable lease and a great future!

Detailed Information

Employees:
10
Facilities:
Newly renovated Apartment building, with the Restaurant on the street level, offering great visibility. All equipment is in working condition and was purchased new, for this location. All is top-of-the-line quality.
Competition:
Four competitors in a crowded population area. Weekends are soft, but growing as new Condominiums and Apartments are occupied. 12 new units to be occupied by the end of 2017.
Growth & Expansion:
Business currently caters to the Courts and Law Firms in the area, as well as the Hotels nearby that also cater to that element. Therefore, until promotions change the dynamic and the Condo/Apartment market increases later this year, the Restaurant was not anticipated to be open on Saturdays. (There is a successful Sunday Brunch.) Therefore, more work in rounding out the weekend trade is definitely a means of improving business, as is Catering. Since Attorneys are a vital part of the mix, this is a natural next move, as are promotional moves to BGE , M&T Bank and others, which are very, very close by.
Support & Training:
Negotiable
Reason for Selling:
Retirement of Senior Partner and dissolution of Partnership.
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(from currently available funds)
 
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Don Barrick

Business Listed By:
Don Barrick

The BAF Group LLC

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