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Businesses For Sale   >>   Adult Businesses For Sale   

Awesome Opportunity Crab Restaurant / Bar

Location  Maryland,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $850000
Net Profit / Cash Flow  $200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1998
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  spouse passed

Description  
Awesome Opportunity Crab Restaurant / Bar... 31 years, same location.. same owner, same landlord.. great revenue stream over $875k gross, great 16 year lease, all equipment owned, two large walk in refrigerators, 15 foot glass display refrigerator case, two large freezers, large ice maker, large four section hot boiler crab steamer, huge custom built bar, with a three keg holder refrigerator and two mug chillers, as well as large three section beer display refrigerator, two TVs in bar, large custom liquor display shelving, 30 tables and 85 seats, 11 booths that sit two adults on each side, two high tables in bar area and 18 high bar chairs, 150 customers allowed.... low utilities expenses -owner only pays gas and electric... water is paid by landlord.. Landlord recently installed a large efficient AC unit, and covers building expenses and repairs. Great potential to increase sales, owner only opens currently from 11:30 to 10:00 pm, however liquor license is Class B, on/off premises license. So, with the ability to sell off premises could add a tremendous revenue stream as well as keeping the bar open till 2 am. Currently the establishment closes at 10:00 pm. The community is an area in which over 14,000 students are housed for a State University. This is a great opportunity to own an established profit making business with the chance to increase profits dramatically....Don't pass this by!


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