Restaurant / Pub Blocks From The White House
Washington, DC Not Disclosed
Downtown Washington, DC
Seller's Contact Information
- RE: Restaurant / Pub Blocks From The White House
- Contact: Jonathan Ring
Quick Facts
| Asking Price: | $850,000 | |
| Annual Revenue: | $1,004,003 | |
| Net Profit: | $215,102 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 7 | |
| BBN Listing #: | 881564101 | |
| Broker Reference #: | 251-22314 |
Business Overview:
Fantastic food and drinks keep this staple of downtown Washington, DC profitable and drawing a loyal crowd of local professionals, tourists, and college students (George Washington, Georgetown, American).
It's the place where the owner knows your name ('Cheers' style) and creates an atmosphere where you want to spend your evening or afternoon relaxing and watching the game with friends.
After decades serving the community, it's time to retire. . . seize this rare opportunity to own an established pub just blocks from the White House. For addition information, please contact Jonathan Ring. 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:
This is a leased location of 3,185 square feet with a Total monthly rent of $19,893. Lease ends 01/2024 with one option. Seller is active with 2 Full Time and 5 Part Time employees along with 4 independent contractors. Hours of operation are 11am-12am Monday-Saturday. $40,000 in inventory included in the asking price. $900,000 made in leasehold improvements. Other Assets include a fantastic reputation, longevity (25 years), loyal and experienced staff. Liquor License (transferrable); Business License; Occupancy License required.
Reason for Selling:
Retirement
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
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