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Newly Remodeled Chinese Restaurant – Can Convert For Sale

Baltimore Metro Area, Maryland
Asking Price:
$45,000 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Excellent opportunity to take over a recently remodeled Chinese restaurant just off 695 near the I-95 interchange in the Fullerton/Overlea area. There is a large fully equipped kitchen with 2000 sq ft to operate as dine in and/or carry out. This is a great option to convert to a new concept as it's priced at 20% of build out cost. There is an attractive lease in place and the restaurant is located in popular shopping center anchored by a high traffic grocery store and other national brands.

The owner is relocating out of the area and needs to sell, so this presents an excellent opportunity for the next owner to take over with out the headaches and costs of starting from scratch. Please contact us today as this business is priced to sell!

Property information

Real Estate:

Lease

Location:

The 2,000 sq ft restaurant is situated in a 90,830 sq ft shopping center with 474 parking spaces that is strategically located on the Route 1 corridor. The monthly rent is $4,779 a month (including CAM & NNN) with four years remaining on the lease and options to renew at the end of the current term.

Business Operation

Expansion Potential:

There is room to grow and expand on the existing model or switch to a new concept. The space was completely remodeled in 2018, so it's an ideal setup for a restaurateur looking for space at a fraction of the build out cost.

Competition / Market:

There is standard competition for the industry and market. This location is situated in a high traffic market and draws significant traffic as it's along the Route 1 corridor and close to the 695 & I-95 interchange.

Reasons for selling:

Owner relocating out of the area.

Employees:
4
Years established:
2018

Other Information

Support & training:

Seller will provide the necessary training and support.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price

Contact Information

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