Bar For Sale in District Of Columbia

Adams Morgan, Profitable, Restaurant/Bar/Club

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Listing Number:

173425

Status:

Off The Market

Business Type:

Accommodation & Food Services - Bars & Taverns

Location:

District Of Columbia (NW DC)

Price:

495,000

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This business is located in Adams Morgan neighborhood of Washington, DC, is a favorite gathering spot for young professionals. There is often a large crowd, particularly on weekends.

This biz also features a large outside fenced patio, a juke box and a DJ on Fri and Sat nights.


Staff consists of 18 or so P/T. The space totals 5,750 sq ft, including the kitchen on the 1st floor.

The Adams Morgan area is heavily populated by well-educated, young, mostly single professionals with considerable discretionary income. It is a multicultural urban neighborhood that is vibrant in the daytime, with a variety of independently owned shops, art studios, sidewalk cafes and restaurants; and in the evening with some of the most lively night spots in the city, many featuring live music. Over the past decade, prior to the current economic downturn, there had been widespread renovation of older apartment buildings and single-family residences in the neighborhood, which further attracted these young professionals. The condo market in this area had also been very active.

This is located at the edge of the Adams Morgan neighborhood, where it does not have the same amount of nearby competition as the other bars that are clustered in the main area of Adams Morgan.
Approx 80% of income is generated from sale of liquor/beers. There is considerable potential for expanding the food offerings.
The owners have decided to sell because they want to turn their attention to other business opportunities, in addition to their personal reasons.


They will provide on-site training to the buyer for a reasonable period of time.

Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.