Business Overview

High volume restaurant & bar in a prime location of Washington DC. Established in 2011, this restaurant is ABSENTEE OWNED and does over $1,000,000 in annual sales. Amazing build out with all top notch kitchen equipment, full service bar, TVs, surround sound stereo system and high quality furniture and fixtures. Over 15 beers on tap, a great selection of craft beers and an impressive liquor selection. The food menu can be converted to fit almost any concept. Five star ratings on google reviews. We are looking for a new hands on owner operator to take this location to the next level. MUST SEE!! TOP NOTCH LOCATION!!

Price: $135,000
Sales: $1,100,000
Rent: $10,500
Term: 5 years with option
Size: 2,800 sf
Seats: 110
Employees: 18
Payroll: $34,000 per month
Utilities: $2,500 per month
Established: 2011

Financial

  • Asking Price: $135,000
  • Cash Flow: N/A
  • Gross Revenue: $1,100,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:18
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The company was started in 2011, making the business 11 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 absolutely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a range of various other factors. This is why it is extremely important that you not rely totally on a seller's word, but rather, utilize the seller's answer in conjunction with your total due diligence. This will repaint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new clients? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific aspects such as new competitors growing up around the location, roadway building, and employee turn over can affect repeat consumers and adversely affect future revenues. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the local mean house income impact future earnings potential?