SBA Prequilified Cashcow Upscale Bar and Lounge

NOT DISCLOSED, District of Columbia

Asking Price	$765,000	Year Established	2018
Annual Revenue	$1,164,339	Reason for Selling	retirement
Annual P/L		Attention	Andrew Gallagher
Annual Cash Flow	$315,464	Listing Number	949964
# of Employees	8	Business Category	Food & Beverage: Bars, Clubs, Nightspots

Business Overview:

We are excited to offer a rare and unique opportunity to acquire two well-established bars for the price of one in the vibrant street corridor of Washington, D.C. This turnkey business includes two connected bars, both renowned and thriving businesses.

Key features

Prime Location: Situated in the bustling area, known for its lively nightlife and high foot traffic.
Two Venues for the Price of One: Both lounge/bars are connected, offering versatility and a variety of atmospheres under one roof.
Steady business growth: yoy
Established Reputation: Both venues have a solid reputation and a loyal customer base, well-known in the D.C. nightlife scene.
Fully Equipped: Ready for immediate operation with all necessary equipment, fixtures, and furnishings included.
Versatile Concept: Perfect for introducing a fresh concept or continuing the current successful ones, subject to landlord approval.
High Foot Traffic: Located in a prime area, ensuring a steady flow of patrons day and night.

These successful establishments have become staples in the U Street nightlife scene, attracting both loyal locals and new visitors. With the addition of creative marketing strategies, themed events, and private bookings, there is substantial potential for increased revenue and further growth for the right experienced buyer to take the business to the next level.

Whether you’re an experienced nightlife entrepreneur looking to expand your portfolio or a newcomer ready to dive into the thriving D.C. nightlife, this opportunity provides a solid foundation for long term success.

Property Features and Assets:

<p>Monthly Rent: $17,000.00<br>Square Units (Foot, Meter): 10,000<br>Lease Expiration Date: November 1, 2031, 12:00:00 AM<br>Terms Options: NNN<br>Facilities: State of art location and leasehold improvements with excellent FF & E which are good for next 5-7 years.<br>FF&E Overview: Excellent.<br>FF&E General Condition: Excellent, well maintained and good for next 5-7 years.<br></p><p>Established since 2018 and successfully owned by the current owner.<br><br>Professionally operating since inception and serving the local communities with wide range of products and services (wines, liquors and spirits varieties) and good quality food menu to the marketplace that includes all kinds of working and residential classes as well as huge number of tourists influx in the area.<br><br>Thanks to their impeccable past they have built a lasting reputation of an excellent business offering high quality products and fantastic services throughout its remarkable history.<br></p><p>State of art location and leasehold improvements with excellent FF & E which are good for next 5-7 years.<br></p>

Market Competition and Expansion:

<p>Competition: The U Street corridor in Washington, D.C. is a bustling nightlife hub with several established venues, each offering unique atmospheres and strong customer followings. Our dual-concept lounge/bar stands out due to its prime location, established reputation, and turnkey operation. Significant growth potential exists through enhanced digital marketing, themed events, and private bookings, providing a competitive edge in attracting a diverse and loyal clientele.<br></p><p><br></p><p>Expansion: Enhanced Digital Marketing: Utilize social media, targeted ads, and online promotions to attract more customers and increase brand awareness. Special Events and Themed Nights: Host regular special events, themed nights, and live performances to create a buzz and draw in diverse crowds. Private Bookings: Expand revenue streams by offering the venues for private events, parties, and corporate functions.<br></p>

Additional Details: