Long-Established, Profitable Restaurant / Pub blocks from White House

Washington, DC

Seller Financing Available

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Asking Price:$600,000
Gross Revenue:$1,004,003
Rent:$19,893/Month
Cash Flow:$215,102
Inventory:$40,000
Established Year:1999
BUSINESS DESCRIPTION

Fantastic food and drinks keep this staple of downtown Washington, DC profitable and drawing a loyal crowd of local professionals, tourists, and college students (George Washington, Georgetown, American).

It's the place where the owner knows your name ("Cheers" style) and creates an atmosphere where you want to spend your evening or afternoon relaxing and watching the game with friends.

After decades serving the community, it's time to retire. . . seize this rare opportunity to own an established pub just blocks from the White House. For addition information, please contact Jonathan Ring at 202-681-6777 or jring@fcbb.com


DETAILED INFORMATION
Location
Washington, DC
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,185
Lease Expiration
01/01/2024
Employees
7
Facilities
This is a leased location of 3,185 square feet with a Total monthly rent of $19,893. Lease ends 01/2024 with one option. Seller is active with 2FT and 5PT employees along with 4 independent contractors. Hours of operation are 11am-12am Monday-Saturday. $40,000 in inventory included in the asking price. $900,000 made in leasehold improvements. Other Assets include a fantastic reputation, longevity (25 years), loyal and experienced staff. Liquor License (transferrable); Business License; Occupancy License required.
Support & Training
3 months
Reason for Selling
Retirement
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Jonathan
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Jonathan Ring