Casual Restaurant and Bar with Roof Deck in NW DC

Washington, DC

Asking Price: Annual Revenue:
$699,000 $2,245,730

Food & Beverage: Bars, Clubs, Nightspots

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RE: Casual Restaurant and Bar with Roof Deck in NW DC Broker: Erik Woodworth
Owner Financing is Available!

Quick Facts

Asking Price: $699,000
Annual Revenue: $2,245,730
Net Profit: Not Disclosed
Cash Flow: $355,448
Total Debt: Not Disclosed
FF&E: $499,201
Real Estate: Not Disclosed
Year Established: 2011
Employees: 35
BBN Listing #: 638749765
Broker Reference #: 77441-86688

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Business Overview:

Full-service restaurant and bar with fabulous rooftop deck! Tasty hand-tossed pizzas and craft beer. Menu uses high-quality ingredients: vegan, vegetarian and gluten-free options. Community focused in programming and vibe in this DC nightlife hub. Large projector screen TV perfect for game watches. Over 200 person capacity in approximately 6,000sf with over $1.5 million spent on equipment and build-out, including multiple TVs and integrated AV system.

Benefit from a class C "Tavern" license with entertainment endorsement and late weekend hours (up to 3:00am on Fridays and Saturdays).

Totally turnkey operation and ideal for an active owner-operator. This business has been pre-qualified for SBA-guaranteed financing given its complete set of books and records.

Some seller-financing may also be available subject to credit review.

Combining both SBA-guaranteed and seller financing might allow a very well qualified purchaser to buy this business with as little as 15% down (will depend on many things including full credit underwriting and how security deposits and other working capital needs are treated).

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Property Features and Assets:

In one of DC's most dense entertainment districts with many other bars and restaurants surrounding it. This business benefits from its unique concept and from its highly sought-after roof deck.

Market Competition and Expansion:

A new owner could grow the business with additional marketing and event planning initiatives, along with further promotion of catering business, particularly during the week. New construction nearby may soon have a very positive impact on business in the neighborhood.

Reason for Selling:

Other business interests.

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.

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