SBA APD, TOP RESTAURANT with COR-PROPTY. NETS$ 762 K IN NW DC!!
Business 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 $1,400,000.00
Property value at $5,600,000.00
Total Value: $4.700.000,00
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
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 $1,400,000.00
Property value at $5,600,000.00
Total Value: $4.700.000,00
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
About the Business
- Years in Operation
- 26
- Employees
- 13
- Currently Home Based
- Yes
- Facilities & Assets
- Facilities: State of the art and good to go for 10 years
FF&E Overview: Ultra high end handmade maroon and most exclusive and expensive chandeliers imported from Venice, Italy totaling 3 and each valuing around $ 500 k each. Other highly valuable interior includes fantastic handcrafted designs, fixtures, fitting and luxurious buildout/fitouts all over the business to create an experience for the customers. FF & Es alone are worth over $ 1.6mm with conservative estimates. These values add a lot for the success of the business on daily basis. - Market Outlook / Competition
- Low as they have established their niche. The top Hollywood celebrities, US and global leaders/politicians and businessmen love to come and dine in at the prestigious place.
- Opportunities for Growth
- Manifold opportunities in the following areas:
-Third-party delivery services have not been utilized so there is a huge potential of growing that side of business to meet the evolving needs of the market and accelerate the growth.
-Concept can be expanded with new location in DMV area and nationwide
-Can be a franchise to grow in USA and internationally
-Additional catering and private events supplies, including marriage and commercial clients parties supplies.
and
-Digital marketing campaigns will further augment growth
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 5,200
About the Sale
- Seller Motivation
- Founder Owner Retiring
- Transition Support
- Number of Weeks Seller Will Offer Training: 4
- Financing Options
- Owner Financing Amount $2,000,000.00 Owner Financing Interest 6% Owner Financing Term
Listing Info
- ID
- 2125032
- Listing Views
- 2620
Listing ID: 2125032 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleDistrict of Columbia Businesses for SaleDistrict of Columbia Food & Beverage Businesses for SaleDistrict of Columbia Restaurants Businesses for Sale
Similar Listings
$950,000Under Contract! Very Profitable Liquor Store for Sale in SE DC!!!!!!District of Columbia, DC
$1,200,00038k net Mo, 5day fastfood very busy area clean, can grow Washington DCDistrict of Columbia, DC
$1,100,000Fully Equipped Operating Restaurant including Real Estate for saleDistrict of Columbia, DC
$950,000Under Contract! Very Profitable Liquor Store for Sale in SE DC!!!!!!District of Columbia, DC
$1,200,00038k net Mo, 5day fastfood very busy area clean, can grow Washington DCDistrict of Columbia, DC
