Business Overview

Well established Main Street “vintage feel” grille / restaurant situated in a cozy bedroom community within easy 1 hour drive to either DC or Baltimore. This 12-year-old restaurant is located in one of Maryland’s picturesque historical towns west of Baltimore on Route 40 “the National Road”. The owners are ready to retire and hope that the business will find new owners who will love this family friendly business as much as they do. This 3200 SF restaurant has a full commercial kitchen and indoor seating for 60 people – 500 regular customers + walk ins. There is a large area for storage on the lower level, ample street parking as well as a large adjacent lot with . potential for an outdoor dining area. Note that the liquor revenue comes from wine and beer sales even though there is a Full Liquor License.. They offer Breakfast, Lunch and Dinner Tuesday to Friday 6:30AM to 8PM and Breakfast and Lunch only on the weekend closing at 2PM. Sunday Brunch is a huge crowd pleaser, a well-known specialty of the restaurant and brings loyal customers from around the area. A renewable lease with options conveys with the sale.
Current owners actively participate in the day-to-day operation of the restaurant along with a part time staff of 12. The ideal buyer for this business will have familiarity with, and at least five years’ experience in the restaurant industry. A signed Non-Disclosure and Proof of Funds will be required to review the business details.

Financial

  • Asking Price: $395,000
  • Cash Flow: $232,000
  • Gross Revenue: $691,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,200
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3200 SF in total, dining area is 1200 SF, Kitchen and Storage is 2000 SF. Ample parking on street and in an adjacent lot. Large area outside behind the restaurant could be an option for outside seating if the new owner finds that a good option . Full liquor license although beer and wine is served at this time.

Is Support & Training Included:

Owners will provide a liberal transition for the new owners.

Purpose For Selling:

Retiring

Pros and Cons:

There are very few dining opportunities of this kind in the immediate area. Post COVID business levels have returned to 2019 levels.

Opportunities and Growth:

The business has survived the COVID crisis and is having a very robust response from their loyal, local customers. Full Liquor License with potential for outdoor seating. No parking issues.

Additional Info

The venture was established in 2008, making the business 14 years old.

The company has 12 employees and is situated in a building with estimated square footage of 3,200 sq ft.
The building is leased by the business for $1,875 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason and the one they say to you might be 2 entirely different things. As an example, they may say "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other factors. This is why it is very essential that you not rely absolutely on a vendor's word, yet instead, make use of the seller's answer along with your general due diligence. This will repaint a more reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover points like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific variables such as new competition sprouting up around the location, roadway building, and also staff turn over can influence repeat customers as well as negatively impact future earnings. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? How might the local median household income impact future earnings potential?