#5049

NAME/CONCEPT:

Washington DC Area Upscale Restaurant, Bar, Posh Lounge w/Live Music Venue, Hookah, 80-Seat Patio & for Sale

Area:

Washington DC area minutes to everywhere. The restaurant is the jewel of the County and is the only restaurant in its class in the entire area. This is a wise investment for someone who has the time and desires to operate an extremely busy restaurant.

SIZE/TYPE/SEATING BREAKDOWN:

7000 square feet

96 seats in the dining room

101 seats in the lounge/bar area

22 seats in the Private Dining Room

80 seats on the outdoor patio

RENTAL RATE/TERMS/OPTIONS:

Rent $10,469.30

Property Tax $4,166.02

Insurance $2202.10

CAM $2,245.30 (Common Area Maintenance)

Total: $17,101.23

OPERATING HISTORY:

Opened almost ten years ago. The total cost to open was: $2,479,539

$1,449,082.91 for furniture, equipment, and leasehold improvements

Approximately $41,164 for food and alcoholic beverages

Approximately $21,124 for marketing

Approximately $3,720 for professional licensing fees/permits

Approximately $15,000 for uniforms

Security deposit: $17,025

Other: $257,049

No loans

VOLUME/NET Profit:

Total revenue (2021): $2,577,123

Net Income: $494,034

Owners’ salaries were deferred.

On pace to do $3 million in 2022

Total Revenue YTD (2022): $1,819,447

Net Income YTD (2022): $682,358

GM Salary: $60,000

AGM: $54,000

Executive Chef: $54,080

8. SELLING PRICE: $1,400,000

Location

Listing Information

Financial Details