$1,200,000
Business Type: Restaurants / Full-Service Restaurants
Restaurants / Full-Service Restaurants
Absentee-Owned $2M+ Revenue Restaurant in Historic Downtown – Real Estate AvailableThis well-established full-service restaurant operates in a restored historic building in a charming downtown setting. Known for its consistent $2M+ in annual revenue and over 67% gross margins, it has built a loyal customer base through a combination of Southern-inspired cuisine, elevated hospitality, and a full-service bar. The business has a proven operational structure with a general manager and assistant managers overseeing day-to-day operations, allowing the current owner to be removed from day-to-day operations. Strong discretionary earnings, consistently producing over $440,000, highlight its stable financial performance. Industry trends in Maryland continue to support growth in full-service, single-location restaurants, with consumer interest in local, experience-driven dining remaining strong. The restaurant is fully staffed, well-maintained, and modernized for guest reservations and service efficiency, providing an attractive opportunity for an experienced operator or hospitality investor. The real estate is being offered for sale (or lease), by Infinitas Realty, in conjunction with the sale of the business for an additional $1,400,000. This opportunity has been prequalified for lender financing for a well-qualified buyer with or without the real estate purchase. The business is owned by a fully absentee owner who has lived out of state for two years. A General Manager and Assistant Managers manage the restaurant. The SDE shown includes a rent charge of $79,500, is based on the Last Twelve Months through May 2025, and is for a full-time owner-operator. Qualified buyers will receive a complete Confidential Information Memorandum (CIM) upon completing the Non-Disclosure Agreement and showing the capability to purchase the business.
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