New Heights Restaurant

Washington, DC

NW DC Restaurant


Asking Price: Annual Revenue:
$99,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: New Heights Restaurant Broker: Jim McGinnis

Quick Facts

Asking Price: $99,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $6,623
Year Established: 2000
Employees: Not Disclosed
BBN Listing #: 427862338
Broker Reference #: Not Disclosed

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Business Overview:

This award winning restaurant (“Best Restaurant in America”- USA Today, “Readers Favorite”- Gourmet Magazine, “Top Rated Wine List”- Wine Spectator). Thanks to the floor-to-ceiling windows that open up the cozy Gin Joint onto Calvert Street, the Patio and bar merge into a delightful meeting place for drinks and casual dining. The vista offers diners a mesmerizing visual oasis in the city: DC’s own resplendent Rock Creek Park, the lush Klingle Valley running beneath the art deco Taft Bridge, its historic corner lanterns lighting up Kalorama’s romantic, tapering cityscape. It’s the perfect setting!

The first floor features a beautiful bar, with Bubinga and Maple wood finishes. The bar has 10 stools with a wonderful view outside with 3 high-top chairs looking out on the City’s scenery.

The bar area is tiled and the second floor is carpeted. The outdoor patio provides a very intimate seating area and can accommodate 20 people. Beautiful wood exposed beams and brightly colored walls throughout the bar area provide an aesthetically pleasing atmosphere

Although the second floor can seat 70 patrons, you can host parties up to 90 people on that floor. There are windows throughout the second floor bringing in natural light to the entire restaurant.

The Kitchen features a 16-foot hood, a 6 burner stove, 3 foot charbroil grill and 4 foot flat top grill, 3 reach in refrigerators, Walk-in Fridge, 1 reach in freezer, and a salad prep station.The restaurant is fully sprinkled, and has a manager’s office. The restaurant is equipped with Micros P.O.S

Sales are averaging over $15,000/week, pre-Covid. The landlord will give a new lease to a qualified Purchaser. Present rent is ; $4804.79, Tax. $ 1620.62 Insurance $ 197.68, Total. $6623.09.

Asking price has been lowered to $99,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Moving

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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