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Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

Bakery Business For Sale, Cafe Business For Sale, Catering Business For Sale, Coffee Business For Sale, Coffee House Business For Sale, Coffee Shop Business For Sale, Deli Business For Sale, Fast Food Restaurant Business For Sale, Food Business For Sale, Grocery Business For Sale, Grocery Store Business For Sale, Liquor Business For Sale, Liquor Store Business For Sale, Market Business For Sale, Pizza Business For Sale, Restaurant Bar Business For Sale, Restaurant Business For Sale, Vending Business For Sale, Vending Machine Business For Sale

Feeding The Multitudes

Location  Maryland,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1909000
Net Profit / Cash Flow  $270120
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2000
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller Will train
Reason for Sale  Personal
Description  ***Regional Landmark Restaurant With RE Available and Assumable Financing*** This American style buffet restaurant is a well known favorite in the Baltimore area and adjacent counties. There are 150,000 people within a few minutes easy drive. With 300 parking spaces and 18,500 square feet, it seats more than 470 and serves over 185,000 guests every year. The real estate is available for purchase, which would lower operating costs by 30 percent and improve the Annual Cash Flow shown below by about $100k. In place financing may be assumed by a qualified buyer. Open every day for lunch and dinner, the buffet features a popular breakfast on weekends. Banquet rooms are booked well in advance. This comfortable spacious venue is always busy and is normally filled to capacity on weekends. Besides sit down service, the restaurant does a lot of take-out business. Approximately 65 percent of total revenues are Cash. Patrons flock to this popular spot for top quality sirloin steaks grilled to order, and Daily Specials, including scallops, crab cakes, shrimp, liver & onions, Virginia baked ham, and Buffalo wings plus a large selection of side items and desserts to accompany every entree. To keep quality up and costs down, the restaurant buys 50 tons of beef every year directly from nearby farms. The bulk meat is cut to standard portions in the modern 3500SF kitchen. The building is solid, attractive, and well maintained. The space is configured to accommodate multiple private parties and groups of various sizes. All copper plumbing was replaced several years ago. A new roof was installed last year. The point of sale (POS) system enables detailed accounting. Call John Duckett (301) 685-6471 about this exceptional opportunity.
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