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Large Restaurant & Bar ** Low Rent ** Adams Morgan

Washington, DC (District of Columbia County)

Seller Financing Available
Large Dining Room
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Asking Price: $195,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,955 /Month

Established: 2017

Large Restaurant & Bar ** Low Rent ** Adams Morgan

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Business Description

Restaurant, Dance Club, Hookah Bar, Lots of Possibilities

This business is located on 2 floors in what used to be 2 adjacent buildings, and you have the basement for storage and office space. This gives you lovely large spaces on both floors for bars, kitchen, restaurant and dance space. There is alley access for easy deliveries. The bars on both floors have been updated. There are lots of wall-mounted TVs for you to offer music videos or sports viewing. Perhaps it is time to incorporate Hookah into the business.

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Detailed Information

Location:
Washington, DC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,400
Lease Expiration:
2/1/2026
Employees:
3
Facilities:
Everything conveys; the liquor, the hood, the tables, the chairs, the bar, the restaurant/entertainment license, the DJ station, the TVs, the security cameras. You see it - you get it.
Competition:
Located in the iconic Adams Morgan, nightclub and restaurant destination. Sidewalks are packed with party-goers on warm evenings. No increased competition in this area, as the DC government is restricting future restaurant/entertainment licences in this area.
Growth & Expansion:
Consider valet parking for increased access. Take a look at the small space next door where the new business is focusing on the millenial market and CLEANING UP!!
Financing:
$100,000 cash minimum - we can work it out from there.
Support & Training:
Owners will work with buyers for 2-4 weeks to ensure a smooth transition. The staff are willing to stay.
Reason for Selling:
Family ownership; partners want to do other things.
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Business Listed By:
Karrina Brown

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