Restaurant/Tavern in Anne Arundel County, MD.

1. Executive Summary

This Restaurant is an established restaurant located in a thriving  community in Annapolis, Maryland. Known for its inviting atmosphere and broad range of dining options, the restaurant is fully equipped and turnkey, ready for a smooth transition to new ownership. With a seating capacity of 160 indoors and 28 on its outdoor patio, the property offers flexibility for casual dining, private events, and a vibrant bar scene.

This marketing package provides a detailed breakdown of the property’s key features, equipment, and opportunities. The business is strategically located in a bustling residential and commercial area, making it highly attractive to investors seeking a well-established venue with strong growth potential.

2. Location Appeal & Demographics

This operation is located in Anne Arundel County, a thriving suburb of Annapolis. Annapolis is the state capital of Maryland and a hub for both government and tourism, drawing millions of visitors each year due to its waterfront, historical sites, and proximity to Washington D.C. and Baltimore.

Key Location Benefits:

• Strong Local Demographics: The area boasts a median household income above $120,000 and a population of over 9,000 residents. The affluent customer base provides an ideal target market for both casual dining and event-driven experiences.
• Tourist Attraction: Annapolis draws significant tourist traffic, with visitors seeking local dining experiences, making this operation an attractive stop due to its authentic atmosphere and welcoming layout.
• Proximity to Major Routes: The location benefits from nearby access to Route 50 and Route 2, two major highways, allowing for easy access from surrounding areas.

Demographic Breakdown (within 5-mile radius):

• Population: ~70,000
• Median Income: $120,000+
• Predominantly families and middle-to-upper-income professionals
• Frequent diners and entertainment seekers

3. Property Features & Layout

Seating and Dining:

• Indoor Capacity: 160 seats divided between booths, tables, and a bar area. The variety of seating options accommodates a wide array of customers, from families to groups of friends.
• Outdoor Patio: Additional seating for 28, offering an awesome dining experience during warmer months.
• Private Dining Area: Seats 28 and can be partitioned off, ideal for hosting private parties and events.
• Bar Area: Seats 18 with a high-end granite bar top, complete with a gas fireplace, creating a cozy and attractive atmosphere.
  • Kegerator system with 6 beers on tap.
  • Bar dishwasher for quick and efficient service.
  • Equipped with 9 flat-screen TVs, making it a prime location for sports enthusiasts.
  • Security and sound system installed for a safe and dynamic environment.
  • Toast P.O.S. system with 3 stations for streamlined service.

Additional Amenities:

• Keno and Lottery machines available for added entertainment and revenue streams.
• ATM machine on-site, enhancing customer convenience.
• Server station and 2 restrooms for customer and staff ease.

Storage & Utility:

• Large walk-in fridge located outside.
• 2 outdoor storage sheds (1 large, 1 medium) for added operational capacity.
• Outside grease trap for kitchen efficiency and hygiene.

4. Kitchen & Equipment Overview

The kitchen is fully outfitted with modern, stainless-steel appliances to support a wide range of culinary operations. All equipment has been well-maintained and offers high operational value for a new owner.

Key Equipment:

• Two grease hoods (16-foot and 4-foot) providing comprehensive ventilation.
• Cooking equipment: Includes a 6-burner stove, 4-foot char grill, 4-foot flat top, and two 2-basket fryers for versatile cooking options.
• Refrigeration: One 3-door reach-in fridge, one “True” 3-door reach-in fridge, one 2-door reach-in freezer, ensuring proper food storage capacity.
• Ice Machines: Two commercial-grade ice machines supporting high volume of drinks and food service.

The fully-equipped kitchen makes the restaurant a ready-to-operate venue, eliminating the need for additional capital investment in kitchen upgrades.

5. Revenue Potential & Business Opportunities

The operation is poised for growth with a number of business opportunities:

• Outdoor Events & Dining Expansion: The outdoor patio is perfect for seasonal events or expanding into live entertainment, which could further increase revenue, particularly in the warmer months.
• Private Events & Catering: With a dedicated private dining area, there is significant potential to increase business through private events such as parties, corporate gatherings, and catering services.
• Community Engagement: As a well-known fixture in the local community, leveraging partnerships with local businesses or hosting community events could boost visibility and sales.
• Enhanced Marketing: Focused marketing campaigns targeting the affluent surrounding neighborhoods and leveraging digital channels such as social media could increase awareness and foot traffic.

6. Financial Considerations & Investment Appeal

This Restaurant is an ideal acquisition for both first-time restaurant owners and seasoned investors. Its turnkey status means there is little to no initial capital expenditure required for the kitchen, dining room, or bar setup, significantly reducing the upfront cost of investment.

Additional Value Propositions:

• Fully operational with all necessary equipment included.
• High-value real estate in an affluent and growing suburban area.
• Established customer base with room for revenue expansion through events and marketing.

Financial & Lease Information: Sales for 2023 were $2,659,158.64. SDE is approximately $389,000. There are 11 years left on the lease including options. Rent is $87,600/year which is 3.29% of sales