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Business For Sale

Seller Spent $800k+ in Buildout, Asking For $150k

DC, DC, USA

Food & Beverage: Restaurants, Fast Food, Deli

Owner Financing is Available
Asking Price:
Year Established:
Employees:
Listing Number:
$150,000
2007
0
70413167
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$800,000
Not Disclosed
Not Disclosed
Not Disclosed

Business for Sale Overview:

It is in the heart of a mixed commercial and residential neighborhood with plenty of parking. This is also easily accessible by Metro, being just two blocks from a Metro. The establishment used to feature attractively priced beer, wine, liquor, and soft drinks, as well as an attractive menu of lunch and dinner entrees and snacks. Guests can have access to wireless DSL free of charge. In addition, Ethernet ports and cables are available for guest without wireless capabilities. This is a great opportunity for someone who wants to develop this further into a successful restaurant/cafe business and/or a bar/club business at night.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Property Features and Assets:

The management used to feature various attractions throughout the week including live blues and jazz performers, and featuring specials on various foods and drinks. The kitchen produced a full menu, with fresh ingredients and with the strictest quality control. Management aims to prepare food that will satisfy vegans, vegetarians, and carnivores alike. They serve coffee and tea from Orinoco Coffee & Tea, a private, family-owned company that provides gourmet coffee and tea exclusively to specialty stores and gourmet coffee and tea shops. It is a large contemporary place with a high ceiling, over-sized bar and dance floor. Total area is 4,400 square feet. There is a high ceiling with drop pendant lights around the bar. It has a plasma TV and a great sound system. There are cozy areas with couch sitting as well as areas with tables and chairs. The kitchen is well equipped with hood and grill and lavatory facilities are spacious and attractive.

Market Competition and Expansion:

The owners have a permit to build a concrete wall to shelter the bar from the neighborhood. Alcohol could be served until 11:00 p.m. in this expanded space the available space.

Reason for Selling:

The owners are selling because of personal issues

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is a distressed business or bankruptcy situation.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Seller Spent $800k+ in Buildout, Asking For $150k
Business Listed By:
Ms Wei Grandon
The Litchfield Group
contact the seller
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