Seller Financing Available

Asking Price:

$299,000

Gross Income:

$480,000

Cash Flow:

$120,000

EBITDA:

N/A

FF&E:

$152,000.00 *

Inventory:

$7,500.00 **

Real Estate:

N/A

Year Established:

2006

Employees:

10

Business Type:

Bars/Taverns

** not included in the asking price

* included in the asking price

Business Description

The Bar and Grill is a pristine neighborhood bar nestled near Catholic University in the heart of the bustling Brookland business district and has a combined layout of 3,650 sq ft of leased space. The main area of the space boasts an open floor plan that comfortably seats at least 150 guests, and is accentuated with full height exposed ceiling and ductwork lending a contemporary feel to the space. For visual entertainment, there are five flat screen televisions mounted on the southern wall along with a large flat screen above the bar. Other attributes include an intimate mezzanine / loft (previously utilized as a DJ booth) and exposed brick mirroring the style of historic DC. Comfortable banquette and lounge seating as well as pendant lighting add to the ambience. A full service bar complete with draft beer taps and ample bar seating finishes off the space. They have a tavern license which allows for live entertainment and out door use of a rear deck. Male and Female restrooms complete the public area with exquisite earth toned granite countertops, brushed stainless faucets and undermount sinks. Each bathroom is also finished with floor to ceiling tile. The "back of house" provides a fully equipped, full service kitchen with dry, and walk-in cold storage areas. Ample general storage is also included. Just outside of the general storage area you find a private office space with rack mounted A/V equipment and self contained private restroom. An exterior wood deck lounge completes the overall space.

Detailed Information

Facilities:

Current lease is on a month to month basis at $4,570 p/mo. Has full kitchen with a occupancy permit for 150. Street parking. Facitities are in good condition

Competition:

The main competor is closing down and there are no other tavern licenses in the immediate area.

Growth/Expansion:

Buyer could use the kitchen for catering or provide more food service at the facility. Currently the hours are 6pm to 2-3am depending on the day of the week.

Financing:

For a qualified buyer up to 80% financing available of the asking price

Support/Training:

Seller will provide 2 weeks on site and 2 weeks on call.

Reason Selling:

Opened a new business.