Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$685,000	Inventory	$20,000**
Gross Income	$1,100,000	Real Estate
Cash Flow	$180,000	Year Established	1978
FF&E	$200,000*	Employees	30

* included in the asking price

** not included in the asking price

Timberlake's restaurant/saloon for sale on famous avenue in NW DC

High traffic location in Dupon Circle/Kalorama business district. Upscale clientele have patronized and continue to patronize this watering hole and food respite since 1978. Owner wishes to retire and wants to sell to new owner that will maintain quality establishment. Owner owns building in which restaurant is located.

Facilities: Approximately 3500 square feet on two floors. Seats approximately 100 with a beautiful bar area with 23 seats. Main room and enclosed patio area seat 76. Must see to appreciate. Fully equipped kitchen with like new appliances. Brand new air conditioning system. Owner will execute lease for five or ten years with options. Rent negotiable with escalator for increases in real estate taxes.

Competition: Prime location. Loyal clientele will follow to new owner. Owner willing to work with new owner to ease the transition. Expansion of business likely with attraction of younger crowd living and working in the area.

Financing: Owner will assist buyer in securing financing if necessary

Support/Training: Owner will assist buyer for first month if needed.

Reason Selling: Owner retiring after 30 years in business at same location.