True Classic Restaurant, Bar & Party Hall In DC

Business Overview:

200 Plus Guests True Classic Restaurant, Bar & Party Hall in DC

Top Notch High Visibility Downtown DC Location

Looking for a lucrative, highly sought-after and super busy restaurant and bar business opportunity with full liquor license? Look no further than our American, Continental and European Restaurant with Bar/Beer Hall! This 3550 square foot space is huge for DC Downtown with high visibility area backed by great number of offices having high paying super white color employees (including IMF, The World Bank, International Finance Corporation), tourists attractions such as The White House, George Washington and other Universities, residential buildings all around, main street frontage and fully staffed to ensure smooth operations. Ample street parking and garages in walking distance. The restaurant and bar seats 120 patrons and the patio area that can house another 40 patrons. Fantastic business opportunity that has a great growth potential for the future due to the love and affection of the patrons who come in large groups to enjoy the perfect food and ambiance. With an established and popular concept that's easy to run, you'll be able to hit the ground running and turn a profit from day one. 

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Property Features and Assets:

Monthly Rent: $15,500.00

Square Units (Foot, Meter): 4,300

Lease Expiration Date: June 7, 2032, 9:00:00 PM

Terms Options: nnn

Facilities: They have in place all you need to run a successful business. AC, heating, a full kitchen, offices, security cameras, a state-of-the-art sound system, and walk-in refrigerators. Plus, plenty of shelves and storage areas to keep all of your items organized and accessible. It is fully furnished inside and out. With a seating capacity of approximately 150 people, it is the perfect size for hosting large events and gatherings. You will be able to hit the ground running. Don't miss this exciting opportunity to own this turnkey opportunity.

FF&E Overview: High end

FF&E General Condition: State of the art FF & E good to go for next 5 to 10 years.

Market Competition and Expansion:

Competition: Mild because they stand out in terms of high-quality food and services, and overall satisfactory experience for their patrons. With a reputation for excellence and a loyal following, restaurant is busy regularly. Restaurant is particularly popular during weekends and other major holidays, when we book a large number of parties and events.

 

Expansion: A proven and replicable concept means that the potential for multiple locations is enormous. Many of their satisfied guests have asked the management team to expand into their hometowns and cities, especially in DMV area. Growth potential is great therefore owner believes their concept would thrive in locations near popular hotspots of DC metro.

Reason for Selling:

Owner Diversifying

Additional Details:

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