Business Summary:
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.
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| Year
Business was Established: 1978 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
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. |
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| Owner
willing to train:
The employees will stay on and the owner will work for 2 weeks with the purchaser.. |
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| Reason for selling:
The owner wishes to retire. |
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Seller Reference Number: AW-81
BusinessMart.com Listing Number: 44220 |
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