Popular US-inspired Craft Beer Bar

Washington, DC
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Asking Price:$150,000
Gross Revenue:$54,000
Rent:$650/Month
Established Year:2019
Cash Flow:$25,000
Inventory:$8,000
FF&E:$40,000
BUSINESS DESCRIPTION

This popular US-inspired craft beer bar in Medellin is known for its curated selection of local and international beers, craft cocktails, small plates, and late-night karaoke.

This bar operates with a unique business model that ensures profitability from the first day of each month. Through strategic subleasing, the bar collects over $700 per month in rent, covering 80% of its own rent and utilities, effectively running the bar rent/utility-free. This "bulletproof strategy" has been key to the bar's financial success.

The bar caters to tourists by engaging customers only in English and providing impeccable customer service (uncommon throughout LatinAmerica), providing unlimited beer samples, and always up-selling to maximize profits. It's fantastic reviews and social media presence garner
repeat business from tourists and locals alike.

Unique experiences like beer caramelization and smoking beers or cocktails with different types of wood chips add to its appeal.

The bar also hosts late-night karaoke, where customers are encouraged to sing whatever they want, creating a fun and comfortable experience for all.

This bar's successful formula is inspiring the owner to open franchised locations throughout Medellin and Colombia. For addition information, please contact Jonathan Ring at 202-681-6777 or jring@fcbb.com


DETAILED INFORMATION
Location
Washington, DC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
01/11/2023
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location of 1,000 square feet with a Total monthly rent of $650. Lease ends 11/23 with Indefinite/Yearly options. Seller is active with 1 FT and 2 PT employees. Hours of operation are 4:20 pm -Midnight, 4:20pm - 1am, Monday-Thursday, Friday & Saturday. $8,000 in inventory and $40,000 in FF&E included in the asking price. 40,000 made in leasehold improvements. Chamber of Commerce ($~180/yr); Business License ($~180/yr); Music License ($150/yr) licenses required.
Support & Training
Three (3) months
Reason for Selling
Success of this bar is prompting a franchise model, which the founder will run f
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Jonathan
Ring
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Jonathan Ring