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Maryland
Leading Co-Working Kitchen & Events Sp. with RE NETS $ 511K!!
Asking Price
$5,500,000
Revenue
Call/Email
Down
$700,000
Cash Flow
Call/Email
Name: Michael McNamara
Name
Michael McNamara
Description
Plus, a small private kitchen, plus parking. Located off of York Rd. just south of Northern Parkway in Baltimore City with diverse and upscale neighborhoods such as Roland Park, Wyndhurst, Homeland, Cameron Village, Evesham Park, Rosebank, and 3 miles south of Towson.
The commissary is operating at about 80% capacity and brings in $600k in revenue, while the event space is at 20% capacity and bringing in $200k per year (pre-covid they did 75 events per year). The brewery space is almost occupied with a AAA national client at $90k per year plus cam for at least 5 years.
The building, originally built in 1930's (and used as a car dealer) was recently completely remodeled in 2015 with a $3.5k investment. The commercial commissary is 10,000 square feet. A private commercial kitchen with 1,400 SF.
The event space including supporting spaces is 12,000 SF. The brewery or other retail tenant space is 6,000 SF. Owned parking lots with 22 and 12 across the street was purchased at a later date. Total building size is 28,864.
As per the management, they are hoping to have consistent performance by the end of 2026 and beyond.
STRONG GROWTH POTENTIAL FOR THE RIGHT BUYER/S
The business and landmark location offers following growth opportunities to the buyers:
- Catering services to retail (private parties) and commercial clients (businesses) around Baltimore Towson affluent areasin Maryland.
-Extended hours from 8 am to 12 am in the night (adding new offerings such as breakfast, brunch, deliveries, targeting greater radius for further boosting the sale in the area to amplify the business in future
- Digital marketing to reach our larger groups to have stronger presence amongst the younger crowds
- Aggressive (food related) services can be reinvigorated with added hours especially on the weekends
THE UNMATCHED TRANSWORLD VALUE
This Towson MD-based company for sale is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.
A SIGNED CONFIDENTIALITY AGREEMENT & PROOF OF FUNDS IS REQUIRED FOR THE EXACT LOCATION.
Business Owners Considering Selling their Businesses: We represent prequalified buyers/clients that are very interested in buying all types of businesses and leading restaurants and bars. If you have any interest in selling your business at this time or in the near future, please contact me at mmcnamara@tworld.com. Our buyers are already qualified and willing to invest their time and money in a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
FOR INTERESTED SERIOUS PARTIES PLEASE CALL:
Michael McNamara - Senior Business Advisor/Broker
at CELL 443-468-3253
OR
AAMER CHAUDHARY (CEO TRANSWORLD, DC ANNAPOLIS BALTIMORE) AT CELL 202 509 3739 or (703) 457-0362 or Achaudhary@tworld.com.
We shall reply you back soon.
Manifold opportunities in the following areas:
-Third-party delivery services have not been utilized so there is a huge potential of growing that side of business to meet the evolving needs of the market and accelerate the growth.
-Concept can be expanded with new location in DMV area
-Can be a franchise to grow in USA and internationally
-Additional catering and private events supplies, including marriage and commercial clients parties supplies.
and
-Digital marketing campaigns will further augment growth
Competitive Overview
Low as they have established their niche.
https://tworld.com/locations/Maryland/dcdowntown/listings/Leading-Co-Working-Kitchen-Events-Sp-with-RE-NETS-511K-
Business Details
Year Established:
1930
Employees:
7
FE&E:
$550,000
Reason for sale:
Owner retiring
Lease & Tenant Information
Lease Options:
$32,916
Other Information
Listing Number:
090122-721534
Sales:
$1,210,791
Seller's Discretionary Earnings:
$511,000
Posting Information
Posting ID:
ID tw:91190 / Listing Number 090122-721534
Business Category:
Restaurants
Keywords:
Transworld
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Posting Title
Leading Co-Working Kitchen & Events Sp. with RE NETS $ 511K!!
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*91190
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Agent, Broker or Seller Contact
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