Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$350,000	Inventory	$5000**
Gross Income	$400,000	Real Estate	na**
Cash Flow	$30,000	Year Established	1992
FF&E	$75,000*	Employees	10

* included in the asking price

** not included in the asking price

Change has come to Washington, DC. Be a part of history! Buy this charming bar/restaurant, established 1992, in DC's historic jazz district, just steps from several live theatre and music venues, upscale shopping, luxury high-rise condos, and the metro. And will soon be neighbors with a boutique hotel! Lots of amenities including an outdoor patio for the summer and a wood-burning fireplace in the winter. It also has a hard-to-get Tavern liquor license which enables you to provide entertainment and charge a cover, and precludes you from the food sales requirement. Located in a great location in the heart of a rapidly developing area, and with a versatile and rare liquor license, this is a great opportunity.

Facilities: Indoor capacity is 50 seating with 10 additional outside. Current lease is $4,565 p/mo expires 2/1/2012 and has (1) five year option for 900 sf. Has a working fireplace.

Competition: The business has a tavern license which does not require food service, therefore, the buyer could operate a bar without food service.

Growth/Expansion: The neighboorhood has become a up scale professional residential area that requires a new concept that meets their needs

Financing: none

Support/Training: 2 weeks on site and 2 weeks on call

Reason Selling: Moving out of the area