Restaurant & Bar near Annapolis, MD

Anne Arundel County, MD
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Asking Price:$1,400,000
Gross Revenue:$2,600,000
Cash Flow:$389,000
Rent:$7,300/Month
BUSINESS DESCRIPTION

Hi volume restaurant located near Annapolis in Anne Arundel County, MD. The Restaurant indoor 160 seats divided between booths, tables, and a bar area. The variety of seating options accommodates a wide array of customers, from families to groups of friends. Outdoor Patio has additional seating for 28, offering a welcoming dining experience during warmer months. Private Dining Area: Seats 28 and can be partitioned off, ideal for hosting private parties and events. Bar Area seats 18 with a high-end granite bar top, complete
with a gas fireplace, creating a cozy and attractive atmosphere. The kitchen is full equipped and features two grease hoods (16-foot and 4-foot), 6-burner stove, 4-foot char grill, 4-foot flat top, and two 2-basket fryers. There is a 7 day BWL liquor license allowing entertainment. Sales for 2023 were $2,659,158.64. SDE is approximately $389,000. There are 11 years left on the lease including options. Rent is $87,600/year which is 3.29% of sales. The restaurant also does a lot of off premises catering.


DETAILED INFORMATION
Location
Anne Arundel County, MD
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,000
Reason for Selling
Retiring
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Jim
McGinnis
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Jim McGinnis