Waterfront Restaurant for sale with long term lease or property is available for purchase. Long established business has 4100 square feet and seats 185. Large open dining room has beautiful view of the water. Tiki Bar on outside deck. Live music. Full 7 day liquor license and Keno. Average gross sales are $1,100,000/year. Plenty of on-site parking. Many charter boats offer catering sales. Easy water access to Chesapeake Bay. Owner will extend a long term lease starting at $84,000 NNN annually, offer the real estate for sale or do a lease option purchase. Terms are available to a qualified Purchaser.
General Information
Contact Information
Organization:
LLC
Year
Established:
1960
Current
Owner:
Contact For Info
# of
Employees:
18
Seating:
185
Square
Foot/Size:
4100
Parking:
on site
License(s) Required:
full liquor
Days
Open/Hours:
7 days
Reason
For Sale:
retiring
Financial Information
Revenue:
$1,100,000 / year
Cash Flow:
Contact For Info
Payroll:
$240,000 / year
Lease Information
Lease Rent:
$84,000 / year
Yearly Adjustment:
3%
Financing Information
Down Payment:
Negotiable
Listed by:
Jim Mcginnis
Restaurant Brokers & Developers, Inc.
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