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- RE: Owner Absentee Restaurant, Bar & Lounge
- Contact: Aamer Chaudhary
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | $840,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $78,500 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2014 | |
Employees: | 9 | |
BBN Listing #: | 943137 | |
Broker Reference #: | 090122-311644 |
Business Overview:
Seamless High-Level Sophistication | $,840,000 sales and growing: Turnkey Operation for Washington DC's Premier Restaurant, Bar & Lounges with ABRA’S Class B Liquor License! Imagine being the proud new owner of one of Washington DC’s premier Restaurant, Bar & Lounges Booming business with sales increasing every year – well, your search ends here! Sales continue to grow every month. An owner operator can have the potential to easily take home $120,000 to $160,000 annually. This business is a great opportunity for both an owner operator and an absentee owner. The two managers’ salaries are a total of $88,000 per year. Presenting a state-of-the-art turnkey restaurant, lounge and bar, ready for you to take the reins and bring your vision to life. Full kitchen with full size excellent condition range of cooking equipment. The kitchen has a 20 foot hood fully loaded kitchen with walk in cooler and walk in freezer. This place is busy with a full liquor bar. Seats 60 inside and 20 seats in outside. Loaded with TV's everywhere. This Classic DC Location-based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. Please use reply to this ad button to contact us.
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Property Features and Assets:
Since inception, the growth of the Restaurant, Bar & Lounge has been witnessed.
Business has been growing due to several key factors 1. Social media marketing (went viral 1 month into opening generating over 700,000 views and ever-growing followers 2. High quality crafted recipes 3. Everything is Instagrammable 4. Everything that is done for business success is out of the ordinary. Business has successfully hosted a series of events and festivals that broke records in the area.
Market Competition and Expansion:
With a reputation for excellence and a loyal following, the restaurant has been visited regularly by the clientsis, particularly popular during weekends and other major holidays.
Reason for Selling:
Diversifying with other business interests
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more District of Columbia businesses for sale
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