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Newly Remodeled & Renovated Restaurant In DC For Sale

Washington, DC, District of Columbia
Asking Price:
$50,000 Furniture / Fixtures included
Sales Revenue:
$450,000
Cash Flow:
$77,000

A client of ours with a restaurant in Adams Morgan is motivated to sell and they're seeking $100,000, but have just REDUCED the price to $50,000 to facilitate a quick sale. The restaurant has been established since 2015 and has a modern and upscale interior in a bustling part of the city. A new owner may continue building on the successful reputation of the existing restaurant or convert it to new concept! This is a MUST SEE opportunity and won't last long at this price!

Property information

Real Estate:

Lease

Lease Terms:

1100 sq ft cafe with outdoor seating that's newly remodeled with brand new: kitchen, furniture, fixtures and equipment. Rent includes electric, water, trash, tax etc. = $8500 total.

Premises Details:

1100 sq ft cafe with outdoor seating that's newly remodeled with brand new: kitchen, furniture, fixtures and equipment. Rent includes electric, water, trash, tax etc. = $8500 total.

Business Operation

Expansion Potential:

The restaurant is well known in the area with an excellent reputation and well positioned for continued growth and expansion. However, a new owner has the option to convert to a new concept.

Competition / Market:

Standard competition for the industry and market.

Reasons for selling:

Retirement.

Employees:
13
Years established:
3

Other Information

Support & training:

Seller will offer necessary training and support.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$1,000

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