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Listing ID: 2958752

Restaurant and Bar For Sale

Montgomery, Maryland, United States

$ 110,000

(Furniture / Fixtures included)

Revenue: $ 320,000

Cash Flow: $ 124,000

Business Description

You found it! This is the premiere restaurant and bar in Silver Spring. This beautiful restaurant has been in business for about thirty years, and it has been recently updated/renovated. Perfect for family operation. A husband and wife working here can easily save $30,000 in employee expense every year. We think that this restaurant would be perfect for a conversion to a Hispanic concept. Gross sales average about $6,200 per week. The rent is extremely reasonable at $3,363 per month for 1280 square feet. The rent includes cam and taxes! 38 seats and a carry out section. The gross sales are broken down as follows: 70% food, 30% beer and wine, no delivery. Lottery Commission averages about $24,000 per year. Owners net should run about $100,000 per year plus an additional $24,000 in lottery commission. Hours of operation are 11 a.m. to 9 p.m. Monday through Saturday, closed Sundays. Motivated seller. Bring your offers!

No Brokers Please.

Property Details

Property Type:

Lease

Inventory Value:

$ 5,000

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