Owner Absentee Restaurant, Bar & Lounge

Washington, DC District Of Columbia County

Asking Price: $250,000

Annual Revenue: $840,000

Food & Beverage: Bars, Clubs, Nightspots

◄ Back to Search Results

Request More Information Contact the Seller

RE: Owner Absentee Restaurant, Bar & Lounge
Contact: Aamer Chaudhary

Owner Financing is Available!

Owner Financing Terms$150,000.00Owner Financing Interest9%Owner Financing Terms Months36Owner Financing Monthly Payment$4,784.00

Quick Facts

	Asking Price:	$250,000
	Annual Revenue:	$840,000
	Net Profit:	Not Disclosed
	Cash Flow:	$78,500
	Total Debt:	Not Disclosed
	FF&E:	$150,000
	Real Estate:	Not Disclosed
	Year Established:	2014
	Employees:	9
	BBN Listing #:	943137
	Broker Reference #:	090122-311644

Email or Print Listing

Business Overview:

Seamless High-Level Sophistication | $,840,000 sales and growing: Turnkey Operation for Washington DC's Premier Restaurant, Bar & Lounges with ABRA’S Class B Liquor License! Imagine being the proud new owner of one of Washington DC’s premier Restaurant, Bar & Lounges Booming business with sales increasing every year – well, your search ends here! Sales continue to grow every month. An owner operator can have the potential to easily take home $120,000 to $160,000 annually. This business is a great opportunity for both an owner operator and an absentee owner. The two managers’ salaries are a total of $88,000 per year. Presenting a state-of-the-art turnkey restaurant, lounge and bar, ready for you to take the reins and bring your vision to life. Full kitchen with full size excellent condition range of cooking equipment. The kitchen has a 20 foot hood fully loaded kitchen with walk in cooler and walk in freezer. This place is busy with a full liquor bar. Seats 60 inside and 20 seats in outside. Loaded with TV's everywhere. This Classic DC Location-based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. Please use reply to this ad button to contact us.

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.

Property Features and Assets:

Since inception, the growth of the Restaurant, Bar & Lounge has been witnessed.

Business has been growing due to several key factors 1. Social media marketing (went viral 1 month into opening generating over 700,000 views and ever-growing followers 2. High quality crafted recipes 3. Everything is Instagrammable 4. Everything that is done for business success is out of the ordinary. Business has successfully hosted a series of events and festivals that broke records in the area.

Market Competition and Expansion:

Low because the business ensures unique appeal to all walks of life in terms of high-quality food and services offered, and overall satisfactory experience for their patrons.

With a reputation for excellence and a loyal following, the restaurant has been visited regularly by the clientsis, particularly popular during weekends and other major holidays.

Growth potential opportunities are: 1. Target office buildings and universities in the area 2. Focus on supplying to private events/catering opportunities 3. Add deliveries 4. Dedicate funds for digital marketing campaigns to tap greater population.

Reason for Selling:

Diversifying with other business interests

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

Relevant Links:

Request More Information

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!