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Ethnic Restaurant In Prime Location
Location: United States -> Maryland -> Montgomery County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Turnkey restaurant in a PRIME location - Asking price $295,000
3 yr lease with 5 yrs option.
***ONLY serious buyers need to inquire - must show proof of finance***
Contact - Kathy Fowler at (301) 237-1838

Turn key includes all furniture, fixtures, and equipments; Walk-in refrigerator/freezer, 12 range stove, hood, steam tables, prep refrigerator, 3-compartment sink, Ice-cream dipping cabinet/display, bakery refrigerated display case, grocery display/shelving units, and many more - Everything is in good condition.

Profitable for over 12 years. Surrounded by major market generators; government headquarters (over 9000 people), retail businesses, office buildings as well as hospitals, schools, religious institutions, and recreational centers. Also located in a dense residential area with three 20 story buildings directly across from the shopping center. Heavy pedestrian and vehicular traffic. Diverse population.

Owner has profited at this location for over 12 years. Currently the only Ethnic Restaurant in the area with a menu consisting of Caribbean & American cuisine and baked goods. Includes a designated area for serving ice-cream dips and grocery products - rare availability in this shopping center - more residential and commercial developments underway.


Asking Price Range:  $250K - $500K
Gross Revenues:   $388,000
Cash Flow:   $73,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $40,000
Seller Financing:  No

About The Business

Year Established:  2004
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available
Reason For Selling:  Owner received a comfortable inheritance

Print Listing Id: 700268155
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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