Summary
- Asking price:
-
$225,000
- Sales revenue:
- $329,449
- Net profit:
- Available on request
- Years established:
- 1958
- Employees:
- 4
Business description
This tavern has been a Baltimore City Landmark for 50 years. Pouring alcohol to package goods ratio is about 50/50. The sales breakdown is $280,755 in sales and lottery sales are $48,694. The space has a large walk-in cooler. Contact us for more information.
Property information
- Real Estate:
- Lease
- Lease terms:
- The facility rents for $3000/month NNN and is subject to a new lease. The building is 2658 square feet and the bar area is 1300 square feet. There is street parking with a corner location which is common of Baltimore City bars and taverns.
Other information
- Expansion potential:
- Growth and Expansion: The owner is almost totally absentee so a new owner/operator would profit more by being hands on. Adding food would increase revenue as well.
- Competition / Market:
- Competition: There are several bars within 4 blocks.
Growth and Expansion: The owner is almost totally absentee so a new owner/operator would profit more by being hands on. Adding food would increase revenue as well.
- Support & training:
- The owner is offering 2 weeks training.
- Reasons for selling:
- The owner wants to work in a business that is not so time consuming.