Request More Information Contact the Seller

  • RE:  Washington DC Area Upscale Restaurant, Bar, Music
  • Contact:  Steve Josovitz
  • License #: 164878

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $2,577,123
Net Profit: Not Disclosed
Cash Flow: $494,034
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 805229193
Broker Reference #: 5049

Email or Print Listing

Business Overview:

Washington DC Area Upscale Restaurant, Bar, Posh Lounge w/Live Music Venue, Hookah, 80-Seat Patio & for Sale – High Profit – Great Books

NAME/CONCEPT: Washington DC Area Upscale Restaurant, Bar, Posh Lounge w/Live Music Venue, Hookah, 80-Seat Patio & for Sale

Area: 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 feet
96 seats in the dining room
101 seats in the lounge/bar area
22 seats in the Private Dining Room
80 seats on the outdoor patio

RENTAL RATE/TERMS/OPTIONS:
Rent $10,469.30
Property Tax $4,166.02
Insurance $2202.10
CAM $2,245.30 (Common Area Maintenance)
Total: $17,101.23

OPERATING HISTORY: Opened almost ten years ago. The total cost to open was: $2,479,539

$1,449,082.91 for furniture, equipment, and leasehold improvements
Approximately $41,164 for food and alcoholic beverages
Approximately $21,124 for marketing
Approximately $3,720 for professional licensing fees/permits
Approximately $15,000 for uniforms
Security deposit: $17,025
Other: $257,049

No loans

VOLUME/NET Profit:
Total revenue (2021): $2,577,123
Net Income: $494,034
Owners’ salaries were deferred.

On pace to do $3 million in 2022
Total Revenue YTD (2022): $1,819,447
Net Income YTD (2022): $682,358

GM Salary: $60,000
AGM: $54,000
Executive Chef: $54,080

HOURS OF OPERATION:
Monday: 4PM-10PM
Tues-Wed: 4PM-11PM
Thurs: 4PM-12AM
Fri: 4PM-12AM
Sat: 11AM-12AM
Sun: 11AM-5PM

SELLING PRICE: $1,400,000


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.

Property Features and Assets:

$1,449,082.91 for furniture, equipment, and leasehold improvements. Approximately $41,164 for food and alcoholic beverages Approximately $21,124 for marketing Approximately $3,720 for professional licensing fees/permits Approximately $15,000 for uniforms Security deposit: $17,025 Other: $257,049 SIZE/TYPE/SEATING BREAKDOWN: 7,000 square feet 96 seats in the dining room 101 seats in the lounge/bar area 22 seats in the Private Dining Room 80 seats on the outdoor patio RENTAL RATE/TERMS/OPTIONS: Rent $10,469.30 Property Tax $4,166.02 Insurance $2202.10 CAM $2,245.30 (Common Area Maintenance) Total: $17,101.23

Market Competition and Expansion:

Ask broker for details.

Reason for Selling:

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!

    Add Businesses and/or Franchises
    To Basket For Free Information

    This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.