College Park Fast Casual Restaurant & Café MRB MD 1754

Description

Fast casual restaurant and café for sale in College Park, Maryland.

The business opened in 2016 and operates from approximately 1,500 sq. ft. with seating for about 30 guests.

Financial and lease details

• Asking price: $99,000
• Annual sales: approximately $440,000
• Monthly rent: approximately $8,400 all-in
• 10-year lease reported in place
• Additional five-year renewal option

The restaurant is located along a busy College Park road near residential properties, retail businesses and pedestrian traffic.

Six employees currently work in the business.

The existing kitchen and dining layout could potentially support another café or fast casual concept, subject to landlord approval, permits and any required changes to the facility.

The listing describes the rent as low. However, at the reported figures, annual rent is approximately $100,800, or about 23% of the stated $440,000 annual sales. Buyers should review this expense carefully when evaluating the operation.

The exact commencement and expiration dates of the reported 10-year lease were not provided and should be confirmed along with the five-year option.

Confidentiality is required for additional information.

Buyers should verify historical sales and earnings, rent and additional occupancy charges, lease terms, employee payroll, equipment ownership, food and labor costs, licenses, customer traffic patterns and any landlord restrictions on rebranding or changing the menu during due diligence.