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#5753
Maryland Restaurants For Sale

High Volume Restaurant/Bar w/Real Estate on/off Liquor License

$3,700,000
High Volume Restaurant/Bar w/Real Estate on/off Liquor License
This Listing is Expired

• Close to Baltimore & Annapolis, MD.
• 8,400 s.f. Freestanding building has nice open ceiling with ceiling fans throughout.
• There are 2 Bars; one seating 35 with 16 beer taps and the other seating 15 with 6 beer taps.
• Entire restaurant seats 260.
• Enclosed patio area that seats 75 with its own bar.
• Building features masonry walls, hardwood floors, stage (with custom professional lighting system), dance floor,
DJ booth, TV’s, pool tables.
• It has a lottery/Keno license.
• Very large, fully equipped Kitchen with a 22’ hood, extra-large walk-in Freezer/Fridge & keg box.
• Upstairs has large offices and the camera system for the building.
• Sits on 2 acres.
• Septic system and public water.
• Expansive private parking lot.
• Sales are over $55K/week.
• Large net profit.
• On/off liquor license.
• Property appraised at $2.7 million in 2019.

This is a Restaurant Brokers and Developers, Inc. listing.
Broker Jim McGinnis DRE License #79447

Lease

Region:
Maryland Restaurants For Sale

Financials

Last Year's Annual Gross:
$2,900,000
Last Year's Owner's Cash Flow:
$315,000

Operations

Liquor License:
Full, on/off 7 day
# of Full-Time Employees:
8
# of Part-Time Employees:
30
Hours Open:
3:00-12:00 am
Year Established:
2012

Facilities

Indoor Seating:
260
Outdoor Seating:
75
# of Parking Spots:
Open lot
Inside Sq. Ft.:
8,400
Outside Sq. Ft.:
500
Total Building Sq. Ft.:

Highlights

  • Freestanding Restaurant with Property
  • On/Off Liquor License
  • Live Entertainment
  • 2 Large Bars + Stage
  • Lottery/Keno License
  • Dance Floor

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 63,078 124,187
Households 3-mi. 5-mi
2010 Number Of Households 21,643 42,303
2010 Persons Per Household 2.80 2.73
Median House Value $308,000 $326,812
Income Per Household $88,880 $89,247
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,015 2,170
2012 Number Of Employees 17,424 45,602
2012 Total Annual Payroll $279,907,000 $824,723,000

click for more demographic info

Disclaimer

Although information contained herein is from sources deemed reliable, such information has not been verified by Restaurant Brokers and Developers, Inc. and is submitted subject to errors, omissions, change of price or withdrawal or further change without notice. Prospective purchasers should conduct their own study & due diligence to determine the feasibility of the business and property as to their requirements.

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