HomeSOLD – Adams Morgan Restaurant & Bar with Large Outdoor Seating Area!

SOLD – Adams Morgan Restaurant & Bar with Large Outdoor Seating Area!

  • Business Type: Bars/Taverns
  • Asking Price: 169995.00
  • Gross Revenue: 1384386.00
  • Cash Flow: 196922.00
  • FF&E Value: 50000.00
  • FF&E Included in Sale: Yes
  • Inventory Value: 5000.00
  • Inventory Included in Sale: No
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: District of Columbia
  • City/County: Washington
  • Year Established: 2002
  • Employees: 4
  • Listing Number: HZ261AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: Great opportunity to purchase a successful Restaurant/Bar in the high traffic retail and entertainment area of Adams Morgan. The business has been under the same ownership for nearly 15 years with a strong history of cash flow and a very loyal clientele base. The business has a liquor license with entertainment endorsement. With the Restaurant/Bar located on a high traffic street corner there is a large outdoor seating area which is hard to find and highly desirable among customers and buyers alike.

    This is a very low risk-high reward opportunity with the current concept or your own if you wish to convert at a time tested location. This is a great opportunity for a restaurateur or for someone looking for a fun business. With Restaurant/Bar and Retail space in demand in this highly sought after area we don’t expect this opportunity to last long.
  • Description of Facilities: The restaurant is located on a very busy street corner with great visibility in the highly sought after entertainment zone of Adams Morgan. The building one story of street retail/restaurant with a basement features approximately 1,522± square feet inside with a very large outdoor seating area. The 1,522± building includes approximately 942± square feet of first floor restaurant space and approximately 580± square feet of office and storage space.
  • Competition: Standard competition for the Adams Morgan/Washington DC restaurant and entertainment industry.
  • Growth & Expansion: The business can easily be grown and expanded with a new active owner adding new menu items and offerings catering to the local community.
  • Seller Financing Available: No
  • Seller Financing Terms: N/A.
  • Reason For Sale: Pursuing new business interests.
  • Seller Support & Training: Seller will offer necessary training and support.
  • Get More Information: To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Great opportunity to purchase a successful Restaurant & Bar in the hip, growing, and popular Adams Morgan neighborhood of Washington, DC. The restaurant has been a staple in the DC nightlife scene and under the same ownership for nearly 15 years with a strong history of cash flow and a very loyal clientele base.
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