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Business for Sale Summary [Non-Confidential]
ID:11930
Pub with Apartments Above
Cecil County, MD
Business Type: special situations,business with property available,retailing businesses,bar/tavern/night clubs,liquor store/ wine,restaurant/ cafes
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Non-Confidencial Financial Infomation
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Asking Price
$110,000.00
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Gross Revenues
$106,000.00
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Financing
$ 90,000.00 Down
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Owner's Cash Flow
$32,120.00
Business Description
Pub and light fare Restaurant near Waterfront in Historic Downtown District. Building with commercial space and four apartments (4800 sq ft) is also available from owner for additional $500K. Current proprietor is a custodial tenant. Currently, the pub is only open 4 days a week to maintain the status of the liquor license, which is 7-Day, on and off premises license. All equipment is in good repair and the 1000 square foot deck in the back has water views and a summer favorite for boaters and locals alike. All someone needs to do is put in a little time, money and effot to build the business back up to its true and full potential of $200K annually. The waterfront is currently being developed in this area and there are plans for a mall and business center with 300 homes being developed within 5 miles of this establishment. Great Opportunity for someone with Vision.
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