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Asking Price$475,000
Revenue$1,384,386 Established2002
Cash Flow$196,922 Employees1 full, 3 part
FF&E$50,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great opportunity to purchase a successful Restaurant/Bar in the high traffic retail and entertainment area of Adams Morgan. The business has been under the same ownership for nearly 15 years with a strong history of cash flow and a very loyal clientele base. The business has a liquor license with entertainment endorsement. With the Restaurant/Bar located on a high traffic street corner there is a large outdoor seating area which is hard to find and highly desirable among customers and buyers alike. This is a very low risk-high reward opportunity with the current concept or your own if you wish to convert at a time tested location. This is a great opportunity for a restaurateur or for someone looking for a fun business. With Restaurant/Bar and Retail space in demand in this highly sought after area we don’t expect this opportunity to last long.
Facilities:The restaurant is located on a very busy street corner with great visibility in the highly sought after entertainment zone of Adams Morgan. The building one story of street retail/restaurant with a basement features approximately 1,522± square feet inside with a very large outdoor seating area. The 1,522± building includes approximately 942± square feet of first floor restaurant space and approximately 580± square feet of office and storage space.
Competition:Standard competition for the Adams Morgan/Washington DC restaurant and entertainment industry.
Growth Potential:The business can easily be grown and expanded with a new active owner adding new menu items and offerings catering to the local community.
Training/Support:Seller will offer necessary training and support.
Seller Financing:Not available.
Sale Reason:Pursuing other business interests.
Ad #86810
Seller Reference #HZ261AH
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Alan Horn
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