Description of the business for sale
Summary Description:
This restaurant and real estate was bought as a investment in January 2007. The new owners have run the business while updating the air conditioning system, replacing the roof, adding a new micros system, and replacing the hot water heater. A new dumb waiter was added to run to all 3 floors. The restaurant seats 85 on 2 floors with a wine cellar in the basement and is about 4000 square feet. Gross sales from 1/01/07-10/31/07 are $496,684. Priced to sell!!
Competition: This business is in a rapid redevelopment area of a Baltimore City neighborhood.
Growth and Expansion: After touring the neighborhood Wolf Business Brokers feels the restaurant should be converted to casual dining/sports bar.
Financing: Possible owner financing
Support / Training provided by seller
Support/Training: Owner will provide training in all aspects of the business.
Description of the facilities
Facilities: The restaurant will rent for $6,250/Month NNN. The lease will expire 12/31/2007 plus two 5 year options to renew.