Best Iconic Upscale Italian Restaurant & Bar

Business Overview:

Rare Opportunity to Buy a Turnkey Upscale Highly Successful Italian Restaurant & Bar (A Class Abra License) With Iconic Trophy Corner Real Estate.

Prestigious and Well Known Downtown Washington DC restaurant offers High-End family atmosphere, full-service bar and completely renovated kitchen, new plumbing, new Bar and entirely updated from top to bottom. With inside and outside seating, Don't Miss This Opportunity! This highly successful business offers strong growth potential on the most impressive Ave.

So famous for its affluent banquets and catering services. Long experienced in accommodating private dining, banquets, wedding catering, receptions, event catering, graduations, celebrations, business meetings and private parties. Professional staff makes sure all events are a success and fulfill all the clients' needs. Special private dining room can accommodate up to 40 guests comfortably with doors to offer total privacy for guests and a large hall with attractive bar having a capacity of over 220 seats. Decorated with extraordinaire handmade maroon chandeliers worth millions of dollars and other tempting high value fixtures and fittings from Venice, Italy take the patrons experience to the next level.

Truly offers stunning experience at their large rose garden patio giving the perfect atmosphere to enjoy the Italian lunch or dinner with fabulousness of bar services.

Business also provides caterings services for events at clients' home, office or a third event spaces. This is a go to place for the leading Hollywood celebrities and leading politicians/personalities as well as local and DMV area sophisticated residential and commercial communities which have been growing quickly in the last few years thanks to the enormous economic growth in the area. This business is located on a busy throughfare. Parking lot is easily accessible from the road with lots of spaces, including the private parking slots.

THE UNMATCHED TRANSWORLD VALUE
This DC-based company for sale with property 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: 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 Achaudhary@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 AAMER CHAUDHARY (CEO TRANSWORLD, DOWNTOWN DC) AT CELL (703) 457-0362

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Property Features and Assets:

Facilities: State of the art and good to go for 10 years

FF&E Overview: Ultra high end handmade maroon and most exclusive and expensive chandeliers imported from Venice, Italy totaling 3 and each valuing around $ 500 k each. Other highly valuable interior includes fantastic handcrafted designs, fixtures, fitting and luxurious buildout/fitouts all over the business to create an experience for the customers. FF & Es alone are worth over $ 2.1 mm with conservative estimates. These values add a lot for the success of the business on daily basis.

FF&E General Condition: State of the art and well maintained FF & E good to go for next 10 years.

Market Competition and Expansion:

Competition: Low as they have established their niche. The top Hollywood celebrities, US and global leaders/politicians and businessmen love to come and dine in at the prestigious place.

 

Expansion:

-Third-party delivery services have not been fully utilized so there is a huge potential of growing that side of business to meet the evolving needs of the market.
-Concept can be expanded with new location in DMV area and nationwide
-Can be a franchise to grow in USA and internationally
-Additional catering and private events supplies, including marriage parties.
-Digital marketing campaigns will further augment growth

Reason for Selling:

Founder Owner Retiring.

Additional Details:

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