Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$675,000	Inventory	$20,000**
Gross Income	$1,095,000	Real Estate
Cash Flow	$175,000	Year Established	1978
FF&E	$200,000*	Employees	30

* included in the asking price

** not included in the asking price

High traffic location in Dupont Circle & Kalorama business district. One block from the Hilton Hotel. Notable saloon and restaurant with full liquor license on Connecticut Avenue. Upscale clientele have patronized this watering hole and food respite since 1978. Owner wishes to retire and wants to sell to new owner that will maintain a quality establishment. Owner owns building in which restaurant in located and will lease for long term occupancy.

Facilities: Approximately 3500 square feet on two floors. Seats about 100 with a beautiful bar area with 23 seats. Main room and enclosed patio area seat 76. Must see to appreciate. Fully equipped kitchen with like new appliances. Brand new air conditioning system. Owner will execute lease for five or ten years with options. Rent will be $12,000 per month with escalator for increases in real estate taxes.

Competition: Prime location. Loyal clientele will follow to new owner. Owner willing to work with purchaser to ease transition. Expansion of business expected with attraction of younger crowd living and working in the area.

Financing: Owner will assist buyer in securing financing, if necessary.

Support/Training: If needed, owner will assist for first month.

Reason Selling: Owner retiring after 30 years in the business at same location.