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Washington DC Area Upscale Restaurant, Bar, Posh Lounge w/Live Music Venue, Hookah, 80-Seat Patio & for Sale – High Profit – Great BooksNAME/CONCEPT: Washington DC Area Upscale Restaurant, Bar, Posh Lounge w/Live Music Venue, Hookah, 80-Seat Patio & for SaleArea: Washington DC area minutes to everywhere. The restaurant is the jewel of the County and is the only restaurant in its class in the entire area. This is a wise investment for someone who has the time and desires to operate an extremely busy restaurant. SIZE/TYPE/SEATING BREAKDOWN: 7,000 square feet96 seats in the dining room101 seats in the lounge/bar area22 seats in the Private Dining Room80 seats on the outdoor patioRENTAL RATE/TERMS/OPTIONS:Rent $10,469.30Property Tax $4,166.02Insurance $2202.10CAM $2,245.30 (Common Area Maintenance)Total: $17,101.23OPERATING HISTORY: Opened almost ten years ago. The total cost to open was: $2,479,539$1,449,082.91 for furniture, equipment, and leasehold improvementsApproximately $41,164 for food and alcoholic beveragesApproximately $21,124 for marketingApproximately $3,720 for professional licensing fees/permitsApproximately $15,000 for uniforms Security deposit: $17,025Other: $257,049No loansVOLUME/NET Profit:Total revenue (2021): $2,577,123Net Income: $494,034Owners’ salaries were deferred.On pace to do $3 million in 2022Total Revenue YTD (2022): $1,819,447Net Income YTD (2022): $682,358GM Salary: $60,000AGM: $54,000Executive Chef: $54,080HOURS OF OPERATION: Monday: 4PM-10PMTues-Wed: 4PM-11PMThurs: 4PM-12AMFri: 4PM-12AMSat: 11AM-12AMSun: 11AM-5PMSELLING PRICE: $1,400,000
Great location for this beer, wine and liquor store with high ceilings and large windows on a busy avenue near Union Station, Capitol Hill, Union Market, H Street entertainment, NoMa, etc. This store is in a high growth area of DC with large grocery stores nearby that do not have license to sell liquor.Great venue to offer tastings and highlight expert product knowledge and selection. This store has been voted best in DC. New owner could increase selection of specialty spirits to improve sales and profits and extend operating hours if they wanted.Great opportunity for someone who wants to take over an existing store, tweak the concept to reach a broader market and operate the store themselves. Great spot for delivery business. It's very hard to find a good location in DC where a new liquor store can be established, so this is your opportunity to acquire an existing one at a reasonable price. This may not last long.Good lease in place and purchaser could seek a term extension from landlord.
Convention management and meeting planning services based in Washington DC and active nationally. This business serves 30 clients on multi-year agreements and 20 clients on an as-needed basis. It plans and executes over 200 meetings a year for non-profit organizations, associations and corporations specializing in meetings ranging from 25-person board meetings to1,500-person annual meetings.Specific services include site research and contract negotiations, housing management, registration support, exhibit sales and service, strategic analysis, logistical planning on-site support and budget assessment.So long as the business can continue to grow its pool of qualified consultants, there should be substantial growth opportunity. It specializes in non-profit and smaller associations and there are over 7,000 associations based in Washington DC alone. The vast majority of clients are based in the Washington, DC metropolitan area though about a third of clients are based elsewhere in the U.S.Meeting planners employed by nonprofits and associations tend to change employers frequently either to receive a higher salary or to gain additional experience, Consequently, this business is in high demand for “temporary support” during these staff transitions. Such temporary assignments may lead to longer term partnershipsThe owner of this business is ready to retire and pass on their 'baby' to someone with strong organizational, marketing and logistics skills with a passion for the meetings planning industry. Whether you are already in this or a related field, or are entirely new to this sector, please don't hesitate to give us a call.
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