Listing Number: 090122-517117
Description
We are offering a rare opportunity to acquire a well-established, highly popular full-service restaurant in the heart of most vibrant DC Business Districts. This turnkey establishment, which has been thriving for over a decade, consistently generates impressive sales, exceeding a million dollars annually.
Key Financial Highlights:
2023 Annual Sales: $1,000,000 (approx.)
SDE: $219,000 (approx.)
Location: Strategically situated in the bustling NW DC commercial and busy street, guaranteeing prime foot traffic and visibility.
Fully Equipped: Ready for immediate operation with all necessary equipment and fixtures included.
Versatile Concept: Perfect for introducing a fresh concept or continuing the current successful one, subject to landlord approval.
High Foot Traffic: Located on a prime street, ensuring a steady flow of customers.
Seller's financing: Available for the right buyers.
This beloved dining destination has become a staple in the downtown DC community, attracting a loyal customer base and new patrons alike. Whether you’re an experienced restaurateur looking to expand your portfolio or an entrepreneur ready to launch a new venture, this property provides a solid foundation for success.
Listing Details
- Price: $325,000
- Down Payment: $95,000
- Sellers Discretionary Earnings: $219,563
- Total Sales: $984,563
- Location: District of Columbia
- Inventory: $10,000
- FF&E: $200,000
- Employees: 6
- Year Established: 1991
- Reason for Selling: Retirement
- Category: Restaurants
