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#5761
Maryland Restaurants For Sale

Seafood Restaurant & Bar With Large Net Profit!

$625,000
Seafood Restaurant & Bar With Large Net Profit!
This Listing is Expired

A Seafood Restaurant where everything is made fresh daily.
• This large, 6,256 square foot, freestanding building sits on 3 acres on a main Interstate Route.
• It features Steamed Crabs, Seafood, Steaks, Homestyle Meals and has a Restaurant & Market; Dine In or Carryout.
• It is open For Lunch and Dinner.
• They are known for their crabs and it shows by the large amount they go through each season!!!
• The restaurant seats 120.
• There is also a private dining room that seats 18.
• There is a bar, which has 6 beer taps & seats 5 at the bar and another 14 in the bar area.
• It has a full, 7 day liquor license and they also have a lottery/Keno license.
• Wood floors throughout, plenty of TV’s and it just had brand new renovations in the building.
• The kitchen is well equipped with a Turbo Chef & Unox Combination oven, plenty of fryers, 28’ hood, shrimp steamers and a large, 2 door Market Forge crab steamer that holds bushel baskets.
• There are 2 large 12’ X 25’ walk-ins.
• Plenty of storage out back of the restaurant and it also has a 1 bedroom apartment.
• New Well water and a brand new $250,000 septic system recently installed.
• Sales are averaging over $36,000/week.
• Landlord will give a new 10 year lease with options.
• Rent is $10,000/month NNN.
• Very Large Net Profit!
OPEN FOR LUNCH & DINNER 5 DAYS A WEEK!

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

Lease

Region:
Maryland Restaurants For Sale
Total Monthly Rent:
$10,000

Financials

Last Year's Annual Gross:
$1,713,000

Operations

Liquor License:
Full, 7 day
# of Full-Time Employees:
4
# of Part-Time Employees:
15
# of Family Employees:
1
Hours Open:
11:00 am- 9:00 pm
Year Established:
2012

Facilities

Indoor Seating:
120
# of Parking Spots:
private lot
Inside Sq. Ft.:
6,256
Total Building Sq. Ft.:

Highlights

  • Maryland Seafood Restaurant
  • Freestanding Building on a very busy Road
  • Low rent with a long term lease
  • Full Bar
  • Lottery/Keno License
  • Recently Renovated
  • Best Fresh, Steamed Crabs in the Area
  • Great Profits

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 23,927 23,927
Households 3-mi. 5-mi
2010 Number Of Households 7,783 7,813
2010 Persons Per Household 3.02 3.02
Median House Value $301,700 $300,542
Income Per Household $89,831 $89,486
Businesses 3-mi. 5-mi
2009 Number Of Businesses 294 296
2012 Number Of Employees 3,816 3,816
2012 Total Annual Payroll $66,281,000 $66,281,000

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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