Listing Number: 090122-118030
Description
Classiest Restaurant & Bar (A Class Liquor License) with TOP NOTCH NW DC Corner Property for Sale (Inventory is for $ 150,000.00, approximately and not included in the sale price).
5 Star Washington DC restaurant. The celebrity chef seller is over 50 years old and has just decided the sale of his GOLD MINE business. The business is strong, highly profitable with seller discretionary earnings of $1,049,000! FOR SALE WITH PROPERTY. Incredible multi-million-dollar build-out. Well over 4,200 square feet with 220 inside seats - OPEN ONLY 5 DAYS. Outdoor patio seating for over 40. This STATE-OF-THE-ART Restaurant is SO BUSY - they always have a line out the door, even with seating for over 200 guests. They have a full liquor license and a full service nice huge bar,area, this place truly has it ALL FOR THE RIGHT BUYERS PLANNING TO EXPAND THEIR BUSINESS AT A TOP NOTCH CORNER NW DC LOCATION.
BUSINESS HIGHLIGHTS
Est: 1999
Location: High Visibility Corner on Heavyily Busy Street
Yearly Revenue and Profit Trends: Steadily Growing
Store size 4,195 square footage (per sq footage rental value $ 79/- in August 2024)
Business is valued at $ 2,05,000.00.
Property value at $5,600,000.00 (Total Square Foot 5,200.00: Value PSF: $ 1001.00)
Goodwill Value: $ 1,000.000.00
Total Value: $ 8,650,000.00
2023 Sales: $3,368,435.00
SDE: $ 1,064,226.00
YTD 2024 Sales Performance and net SDE trends
Business is growing around 16 % yoy, achieving sales of $ 2,604,586.00 till August 31st, 2024 while profit is remaining relatively intact with preceding years. As per the management, they are hoping to close the year at $ 4,000,000.00 with net SDE remaining to be excellent.
THE UNMATCHED TRANSWORLD VALUE
This DC-based company for sale with property is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.
A SIGNED CONFIDENTIALITY AGREEMENT & PROOF OF FUNDS IS REQUIRED FOR THE EXACT LOCATION.
Business Owners: We represent prequalified buyers/clients that are very interested in buying all types of businesses and leading restaurants and bars. If you have any interest in selling your business at this time or in the near future, please contact me at Achaudhary@tworld.com. Our buyers are already qualified and willing to invest their time and money in a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
FOR INTERESTED SERIOUS PARTIES PLEASE CALL AAMER CHAUDHARY (CEO TRANSWORLD, DOWNTOWN DC) AT CELL 202 509 3739 or (703) 457-0362.
Listing Details
- Price: $8,650,000
- Down Payment: $1,000,000
- Sellers Discretionary Earnings: $1,064,226
- Total Sales: $3,368,435
- Location: District of Columbia
- Inventory: $175,000
- FF&E: $1,000,000
- Employees: 14
- Year Established: 1999
- Reason for Selling: Founder Owner Retiring
- Category: Restaurants
