Retail - Bars/Taverns

Asking Price	$385,000	Inventory	$10,000**
Gross Income	$360,000	Real Estate
Cash Flow	$1	Year Established	2001
FF&E	$50,000*	Employees	10

* included in the asking price

** not included in the asking price

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 KST 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 "lounge", "club" for the right operator. Potential buyers must have a provable track record and submit business financials with the Non-Disclosure Agreement. Seller indicates buyer could add a roof deck.

Facilities: 4,000 sf on a corner lot in NW DC. The building has two floors with ample street parking. The building owner will give the buyer a ten year lease with one five year option.

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: none

Support/Training: The seller will provide 2 weeks on site and two weeks on call.

Reason Selling: Pursue other interests