114 West St
Annapolis, MD 21401
Property To Rent

Former Rescue Hose Station 1 Annapolis Firehouse. Currently Chesapeake Brewing Co. Offering turn key business Chesapeake Brewing is the ONLY brewery in the Capital of Maryland, and it offers a full-scale restaurant. Also, this successful business is located adjacent to 3 hotels (Westin, Hilton, Annapolis Hotel), and in the heart of the festivals that are a big part of the Annapolis experience. Annapolis is well known for its walkability factor and home to the State Capital. West Street is known as restaurant row and Chesapeake Brewing is in the middle of it all with 16 newly constructed condo's across the street, with 16 luxury town homes being constructed as well as an additional hotel approved for construction a few blocks away. There are also hundreds of medical, legal, financial, and real estate offices that surround the location. With superior beer, delicious food, excellent customer service and a destination venue with many growth opportunities, this business is positioned for an owner that wants to take it to the next level. The business also has excellent books & records and is recession-resistant. The brewery operations are operating at about 25% capacity, allowing substantial growth with little to no additional funding after purchase. The asking price for the real estate and assets of the business is $2,600,000. The business only, with additional 2 five year lease extension options is offered at $495,000 serious inquiries only. Accounts Receivables of $00 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Trailer for festivals) valued at $340,000. Brands, Business name, brewing equipment, kitchen equipment, inventories, 30 days of training from owners, point of sale equipment, all included. Transferable beer/wine/liquor 7 day license included plus brewing permits, and beer/wine to go (on/off premise) license included. About the Business: Chesapeake Brewing Co. Number of Employees: 6-12 Real Estate: Leased/possible real estate purchase Building Sq. Ft.: 4,832 Rent: $9,000.00 Per Month NNN Yearly Gross: $415,000.00 The business occupies approximately ~3,800 SF plus side area beer garden, employee parking area, large patio, in a destination district/Art District, adjacent to 3 upscale hotels in the heart of Downtown Annapolis, with easy access to major highways and public transit. There are significant expansion opportunities in the existing facility. Owners willing to stay on for training if needed for a negotiated timeframe. All accounts and taxes are current, and the landlord has been great to work with, as well as the property management firm. Great opportunity; and ready to go in the high season!