Restaurant / Bar - $120K Net
Location Dist. of Columbia,United States
Asking Price Range $250K - $500K
Gross Revenues $489000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1994
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Description Restaurant Bar: Unique bar restaurant and club. Located near historic and fast growing area in NW Washington, DC. Close to a major development and Metro.
Entertainment includes, jazz, hard rock, reggae, hip hop, open mic, and comedy. Promoters promote shows 7 days a week. 6 years in the business. Owner spent over $250.000 to renovate the club. Excellent opportunity for experienced manager. Operator to increase revenue. Two bars dance floors & more. Over 100 capacity plus outdoor area service.
State: DC.
Reason for Sale: Other business Interest.
Building Size: 3,400 Sq.Ft.
Lease: $4,200.00 (With an option 8 plus 5 years).
Utilities: $1,000.
Store Hours: Daily, 11:00am - 2:00pm.
Equipment: Fully equipment kitchen.
Entity: Corporation.
Gross Annual Sales: $489,000.
Owner's Net: $120,000.
Number of Employees: 10 (2 managers, 2 cooks, 6 waitress).
Monthly Payroll (Average): $12,000.
License(s) Required: Business.
Parking: Street.
Price: $440,000.
Contact for more information on this Restaurant / Bar business for sale.
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