Listing Number: 090122-118030
Description
Classiest American /Italian Restaurant (with A Class ABRA Liquor License) with TOP NOTCH NW DC WITH OR WITHOUT Corner Property for Sale (Inventory is for $ 150,000.00, approximately and not included in the sale price). The business and property are SBA approved for the buyers with the option of seller's financing. Owner is over 84 years old and retiring for good. The seller will consider selling the business without the real estate if the buyer is only interested in the business however his preference is to sell both together.
5 Star Washington NW DC restaurant is for sale with or without property is a famous and GOLD MINE business. The business is strong, highly profitable with enormous growth potential for the future with the right buyers! Incredible multi-million-dollar build-out. Well over 5,205 square feet with 220 inside seats - OPEN ONLY 5 DAYS. Outdoor patio seating for over 40. This STATE-OF-THE-ART Restaurant is SO BUSY - they always have a line out the door, even with seating for over 200 guests. They have a full liquor license and a full service nice huge BAR AREA. This exceptional place truly has it ALL FOR THE RIGHT BUYERS PLANNING TO EXPAND THEIR BUSINESS AT A LANDMARK CORNER NW DC LOCATION.
BUSINESS & FINANCIAL HIGHLIGHTS
Est: 1999
Sale Options: Business is available on Sale with or without Property
Location: High Visibility Corner on Heavyily Busy Street
Yearly Revenue and Profit Trends: Steadily Growing
Store size 5,205 square footage (per sq footage rental value $ 79/- in August 2024)
Business is valued at $1,600,000.00
Property value at $5,900,000.00 (Current Market Price PSF: $ 1017.00)
Total Value: $ 7,500,000.00
2023 Sales: $3,368,435.00
SDE: $712,966.00
YTD 2024 Sales Performance and net SDE trends
Business is growing around 16 % yoy, achieving sales of $ 2,604,586.00 till August 31st, 2024 while profit is remaining relatively intact with preceding years.
As per the management, they are hoping to have consistent performance by the end of 2024 and beyond.
STRONG GROWTH POTENTIAL
The business and landmark location offers following growth opportunities to the buyers:
- Catering services to retail (private parties) and commercial clients in DC and DMV area
-Extended hours from 8 am to 12 am in the night (adding the services such as breakfast, brunch, catering, deliveries, targeting larger corporations in the area such as IMF, THE WORLD BANK, IFC, GWU, AMERICAN UNIVERSITY, INTERNATIONAL COUNTRIES EMBASSIES/CONSULATES AND MANY MORE) to amplify the business
- Digital marketing to reach our larger groups to have stronger presence amongst the younger crowds
- Bar services can be reinvigorated
THE UNMATCHED TRANSWORLD VALUE
This DC-based company for sale with property is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.
A SIGNED CONFIDENTIALITY AGREEMENT & PROOF OF FUNDS IS REQUIRED FOR THE EXACT LOCATION.
Business Owners: We represent prequalified buyers/clients that are very interested in buying all types of businesses and leading restaurants and bars. If you have any interest in selling your business at this time or in the near future, please contact me at [email protected]. Our buyers are already qualified and willing to invest their time and money in a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
FOR INTERESTED SERIOUS PARTIES PLEASE CALL AAMER CHAUDHARY (CEO TRANSWORLD, DOWNTOWN DC) AT CELL 202 509 3739 or (703) 457-0362.
Listing Details
- Price: $7,500,000
- Down Payment: $500,000
- Sellers Discretionary Earnings: $712,966
- Total Sales: $3,368,435
- Location: District of Columbia
- Inventory: $150,000
- FF&E: $1,000,000
- Employees: 13
- Year Established: 1999
- Reason for Selling: Founder Owner Retiring
- Category: Restaurants
