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Asking Price: $765,000

SBA Prequilified Cashcow Upscale Bar and Lounge

Not Disclosed, DC
Not disclosed

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 featuresPrime 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: yoyEstablished 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.

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Cash Flow $315,464
Revenue $1,164,339
$ Owner Financing Available

Asking Price: $1,400,000

Washington DC Area Upscale Restaurant, Bar, Music

Washington, DC
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

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

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