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High Demand Location-Turnkey Restaurant For Sale
Location: United States -> Maryland -> Montgomery County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Asking price $249,000
Net lease investment with 3 yrs left on lease plus a 5 yr option
***Serious buyers ONLY - must show proof of finance***
Contact Kathy Fowler at (301) 237-1838

Turn Key Restaurant located in a busy shopping center with strong visibility and ample
parking. 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.

*NEWS UPDATE - Relocating Washington Adventist Hospital - $331 million facility currently under construction near shopping center.

*Contact Kathy at (301) 237-1838 ONLY if you are a serious buyer with proof of finance*

Facilities: 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 - Net lease investment with 3 years left on lease plus a 5-year option

Competition: 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

Growth & Expansion: Add delivery to increase profits - Open on Sunday's to increase profits - Add your menu ideas and products to attract a wider demographic

*Contact Kathy at (301) 237-1838 ONLY if you are a serious buyer with proof of finance*


Financials

Asking Price Range:  < $250K
Gross Revenues:   $400,000
Cash Flow:   $70,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $70,000
Seller Financing:  Yes

About The Business

Year Established:  2004
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Moving




Print Listing Id: 700271717
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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  > 

Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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