Listing Number: 090122-118030
Description
LOCATION, LOCATION, LOCATION!!!!!!!!!!!!!!!!!!!!!!!!
A long successful business in located on a super top-notch and highly visible landmark 3-sided corner location of a main road in NW DC, directly next to a mix of residential and commercial buildings in NW DC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Classic American & Italian Restaurant (with Class A Full ABRA Liquor License) with Landmark 3-sided Corner Property for Sale (Inventory is for $ 100,000.00, approximately and is included in the sale price). The business and property are SBA approved for the buyers. The seller will consider selling the business with or without the real estate if the buyer is only interested.
For over 30 years, this brand has been providing its community with delicious cuisine in very inviting, comfortable restaurant settings.
The founder owner behind the restaurants has established delicious menus generating extraordinary margins for years, cooking lines, processes and management in place which makes this business opportunity especially appealing to new ownership who would like to immediatelycapture a solid footprint in one of the best markets in the US. Over the decades the Company has curated its menus in order to maximize efficiency in the kitchen and keep its Cost of Goods and Operational costs under control. The results is a profitable, well-run, well-staffed restaurants ready for new ownership to step in.
This 5 Star Washington NW DC restaurant is for sale with or without property is a famous and GOLD MINE business. The business is strong, highly profitable with enormous growth potential for the future with the right buyers! Incredible multi-million-dollar build-out. Well over 5,205 square feet with 220 inside seats - OPEN ONLY 4 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 220 guests. They have a full service nice huge BAR AREA.
BUSINESS & FINANCIAL HIGHLIGHTS
Est: 1993
Sale Options: Business is available on Sale with or without Property
Location: High Visibility Corner on Heavyily Busy Street
Yearly Revenue and Profit Trends: Steadily Growing
Store size 5,205 square footage
Full Breakdown of the Sale:
Business is valued at $1,190,000.00
Property value at $5,399,990.00
Total Value: $ 6,499,990.00
2023 Sales: $3,368,435.00
SDE: $762,966.00
ONGOING FANTASTIC PERFORMANCE IN 2024 (Sales Performance and SDEs trends):
Business is growing around 17 % yoy, achieving sales of $ 3,612,586.00 till November 30, 2024 while profit margins are remaining intact with preceding years.
As per the management, they are hoping to have consistent performance by the end of 2024 and beyond.
STRONG GROWTH POTENTIAL
The business and landmark location offers following growth opportunities to the buyers:
- Catering services to retail (private parties) and commercial clients in DC and DMV area
-Extended hours from 8 am to 12 am in the night (adding the services such as breakfast, brunch, catering, deliveries, targeting larger corporations in the area such as IMF, THE WORLD BANK, IFC, GWU, AMERICAN UNIVERSITY, INTERNATIONAL COUNTRIES EMBASSIES/CONSULATES AND MANY MORE) to amplify the business
- Digital marketing to reach our larger groups to have stronger presence amongst the younger crowds
- Bar services can be reinvigorated
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 or Achaudhary@tworld.com.
Listing Details
- Price: DH 6,499,990
- Down Payment: DH500,000
- Sellers Discretionary Earnings: DH 762,966
- Total Sales: DH 3,368,435
- Location: District of Columbia
- Inventory: DH 150,000
- FF&E: DH 2,000,000
- Employees: 13
- Year Established: 1993
- Reason for Selling: Founder Owner Retiring
- Category: Restaurants
Business Listed By:
- Aamer Chaudhary
- Phone: (202) 509-3739
- Email: achaudhary@tworld.com
