Don't miss out on an incredible opportunity to acquire this well-located restaurant on Pennsylvania Avenue in DC! This turnkey establishment, boasting $611,040 in 2021 sales, is primed for a fresh concept or continued growth under the current one, subject to landlord approval. Fully equipped and strategically situated in the heart of DC, this Restaurant for Sale guarantees prime foot traffic and comes with a coveted Full Liquor License.
Realize your restaurant dreams with the perfect blend of vision and determination. While currently not cash flow positive, this Restaurant for Sale presents a unique turnaround situation with substantial sales potential. Priced to sell at a fraction of the cost of a new build-out, this opportunity is a canvas for your entrepreneurial aspirations.
Offering flexibility, the Restaurant for Sale allows for expanded hours, promising an immediate uptick in sales. The spacious, fully equipped kitchen stands ready for your unique menu, and the 6,000-square-foot venue provides seating for 200 patrons, offering ample potential for your vision. We Sell Restaurants will help you navigate the leasing process, making the transition as the new owner as seamless as possible!
At $21,500 per month, inclusive of CAMS, Taxes, and Insurance, the lease for this 6,000-square-foot gem is valid until 2031, with two remaining five-year options. Beyond the turn-key space, the vibrant Washington area ensures consistent foot traffic, enhancing the appeal for any prospective owner. Please note that the Full Liquor License at this Restaurant for Sale may require reapplication.
Save yourself the hassle and expense of starting from scratch—seize the moment and acquire this existing restaurant space. Make your restaurant concept a reality by calling now to draft your offer and be in business tomorrow! This Restaurant for Sale is a steal at this price and won't last long!
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Lease Term: Expires 2031 with two five-year options remaining
Monthly Rent: $21500,
Indoor Seating: 200
Inside Sq. Ft: 6000,
Hood System: Yes
Hours Open: 11am - 8pm Tues thru Thurs 11am- 10pm Fridat 10:30am - 10pm Sunday
Net Sales: $611040.00