Listing Number: 16635

Interested? Email Us Now: info@novarsgroup.com

Type of Business: DC Bar and Grill

Asking Price: $1,300,000

Location: Washington DC

Description of Business:
A fantastic neighborhood Bar and Grill in a very popular area of DC. Great location with 70 seats inside and a 28 seat patio with an application in process to expand to 40. Plenty of walk in traffic. This area has been an eclectic hot spot for many years. The restaurant opened in January 07 and is doing a fabulous business. Food sales have been accounting for approximately 55% of business while the bar sales account for 45% of business. Bar costs and food costs have both been considered very high for normal restaurant standards. A focused restaurateur could control these numbers with relative ease and increase profits and business dramatically. The menu mix could also be more appropriate for a neighborhood restaurant. The original partners have differences in opinions on how the business should be run so they have decided to sell. An already popular hot spot, with great visibility and unlimited potential this is a business off to a great start in six short months.

Sales Volume and Cash flow are FY Estimates only.

Sales - $1,800,000: Cash Flow - $400,000: Assets - $500,000