- Advert ID: 678133
- (Seller ref: AW-81)
Owner Retiring Tavern For Sale
- Location:
-
- United States
- > North East
- > Maryland
- > Baltimore
- > Baltimore City
- Category:
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Summary
- Asking price:
- $200,000
- Sales revenue:
- $195,722
- Net profit:
- Available on request
- Years established:
- 1978
Business description
The tavern has been a local landmark for decades. A new owner should add the Maryland Lottery and a package goods section to increase revenue. License permits 6:00AM-2:00AM on/off 7 days per week. Seller only works 20 hours per week in the business. Gross sales in 2007 were $195,722 & $75,000 in vending sales.
Property information
- Real Estate:
- Lease
- Location:
- This tavern is located in a end rowhouse in Baltimore City. The rent is $2881/Month but has income from a second floor apartment for $1200/Month which reduces the monthly rent to $1681/Month. The lease expires in 2010 and has one 5 year option to renew. Total square footage is 3817 square feet and bar is 1600 square feet and has recently been renovated. It is a nice looking building, clean with signage on the building.
Other information
- Support & training:
- The employees will stay on and the owner will work for 2 weeks with the purchaser.
- Reasons for selling:
- The owner wishes to retire.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- United States
- > North East
- > Maryland
- > Baltimore
- > Baltimore City
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