NW DC Restarant/Bar with fantastic rooftop deck

Washington, DC
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Asking Price:$550,000
Rent:$10,744
Gross Revenue:$1,235,000
BUSINESS DESCRIPTION

Business Overview
Establishment: Restaurant and Bar, a trendy and popular dining and drinking hotspot.
Location: NW, Washington, D.C. 20001, in the heart of the vibrant Shaw neighborhood.
Capacity: Seats up to 125 guests, catering to both intimate gatherings and larger social events.
Cuisine: Features a diverse menu with a focus on high-quality ingredients and innovative dishes.
Liquor License: Tavern C
Atmosphere: Renowned for its chic, welcoming environment with stylish hardwood and brick finishes, offering plenty of natural sunlight.
Key Features
Event Flexibility: Multi-level venue perfect for private parties and social gatherings, with separate areas including a main floor, second floor, and a rooftop bar.
Property Highlight: Alluring rooftop deck featuring bar and entertainment with beautiful views of the city.
Services: Offers dine-in, takeout, and private event hosting services.
Customer Favorites: Highlights include craft beers on tap, a diverse and delectable menu, and a state-of-the-art sound system.
Community Engagement: Active participation in local events fosters strong community ties.
Culinary Reputation: Known for its exceptional menu and high-quality beverages.
Exceptional Amenities
Bar Service: Three fully stocked bars across different levels, each featuring six beers on tap.
Modern Facilities: Equipped with a cutting-edge Toast POS system, advanced lighting, and security systems.
Customer Comfort: Designed for a comfortable and enjoyable dining experience, with great lighting, abundant natural light, and a beautifully designed interior.
Entertainment: Rooftop bar features TVs, making it a prime spot for socializing and enjoying the city views.
Kitchen
High-Volume Capabilities: Kitchen is equipped with a 12-foot grease hood, 10-burner stove, large 2-door freezer, walk-in fridge, ice machine, and a 3-compartment sink, ensuring efficiency and quality in food preparation.
Ventilation System: Advanced ventilation system ensures a safe and compliant cooking environment.
Refrigeration: Ample refrigeration space with a large walk-in fridge and freezer caters to extensive food storage needs.
Efficiency Focus: Kitchen layout and equipment are optimized for efficient, high-quality food preparation.
Location Advantages
Tourist Draw: Situated in the bustling Shaw neighborhood, a hub of cultural and social activity attracting a diverse crowd of locals and tourists.
Metro Accessibility: Conveniently located near public transportation, enhancing accessibility for all patrons.
Diverse Clientele: Located in a culturally rich and diverse community, appealing to a wide range of tastes and preferences.
Competitive Edge: Stands out with its unique setting, exceptional service, and high-quality offerings.
Neighborhood Synergy: Benefits from being in a busy area with both residential and commercial activity, ensuring consistent foot traffic and visibility.
Great Investment Opportunity
Growth Prospects: Significant potential for menu expansion, increased private event hosting, and strategic marketing initiatives to drive revenue growth.
Established Brand: Strong brand presence with a loyal customer base in the D.C. area, providing a solid foundation for future growth.
Ready-to-Operate: Turnkey business with fully operational systems and a well-trained staff, ensuring smooth transitions for new ownership.
Strategic Business Positioning: Prime location in a high-demand area with excellent potential for sustained growth and profitability.
Comprehensive Package: Combines a prime location, exceptional facilities, and a popular menu, making it an outstanding investment opportunity.
Sales and Lease information:  2023 sales were $1.235 million. Rent is $10,774/month including NNN’s. Lease has 3 years left plus one 5-year option. Landlord will extend the lease to a qualified Tenant


DETAILED INFORMATION
Location
Washington, DC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
15/07/2032
Reason for Selling
Moving
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Jim
McGinnis
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Jim McGinnis