Take over a Northwest Washington, D.C. restaurant and bar generating approximately $1.6 million in annual sales and $200,000 in reported annual owner cash flow. Offered at $349,000, the business has traded since 1999 and benefits from an established neighborhood following.
The approximately 5,400-square-foot venue provides 140 seats and a large full-service bar, with 16 trained employees in place. The existing semi-absentee management approach may interest buyers considering a more active operating role.
Rent is described as 5% of monthly sales, with approximately five years remaining and a renewal option. Support and training are available.
Enquire to review the accounts, percentage-rent provisions and management requirements. Proof of funds is required.
