Refine/Revise Search

Here are some other businesses that you may be interested in:

Asking Price: $1,400,000

Washington DC Area Upscale Restaurant, Bar, Music

Not Disclosed, Not Disclosed
Not disclosed

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

Cash Flow $494,034
Revenue $2,577,123

loading...
TOP â–²
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.