Asking Price:

$350,000

Gross Income:

$360,000

Cash Flow:

$1

EBITDA:

N/A

FF&E:

$50,000.00 *

Inventory:

$10,000.00 **

Real Estate:

$1.9 million **

Year Established:

2001

Employees:

10

Business Types:

Bars/Taverns
Other Eating & Drinking Places

** not included in the asking price

* included in the asking price

Business Description

A unique opportunity. Currently the business is being operated as a bar/tavern under a CN license which allows dancing with no food sales required. This is a difficult license to obtain in a mixed use neighborhood. The liquor license is blemish free and the local Neighborhood Advisory Commission ("ANC") has never had a problem with the operation of the club. The building has approximately 4,000 SF on two floors with a bar on each floor located in the 14 St and K St area NW DC. Street parking is plentiful. With tall windows and 20 foot ceilings, it has great "bones" that will provide a dramatic canvas for the new owner to decorate. This will make a great destination "lounge", "club" for the right operator. Potential buyers must have a proven track record and submit business financials with the Non-Disclosure Agreement. Seller indicates buyer could add a roof deck. The Seller also owns the real estate will lease and or sell it with financing to the Buyer of the business for an additional $1.9 million.

Detailed Information

Facilities:

4,000 sf on a corner lot in NW DC. The building has two floors with ample street parking. The building owner will lease or sell the building, with owner financing to who ever purchases the business.

Competition:

There is no competition in the immediate area for the night club's current theme.

Growth/Expansion:

The club has a restaurant license and could open for lunch.

Financing:

To a buyer with a sound operating concept who has prior club experience

Support/Training:

The seller will provide 2 weeks on site and two weeks on call.

Reason Selling:

Pursue other interests