Neighborhood Liquor Store in NW DC

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Great rent and reputation!
Asking Price:
$450,000

Gross Revenue:
$800,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$150,000
not included in asking price

FF&E:
$25,000
included in asking price

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Business Description

One of the oldest liquor stores in Washinghon DC with a great tradition of both friendly personalized service and well selected craft beers, fine wines and spirits.

Wide frontage on main street of this eclectic and vibrant commercial district within a dense and close-in residential neighborhood with mix of high affluence and middle-to-lower income households within the broader Columbia Heights / Mount Pleasant / Adams Morgan area of Northwest DC. Excellent vehicular and foot traffic.

Lottery and tobacco sales.

Best suited for a full time owner-operator with part-time assistant(s).

Approximately two more years left on lease but opportunity to negotiate longer-term lease with landlord.

Current owner has been at this store for over 15 years and is ready to retire. He may offer some seller financing subject to credit review - all reasonable offers considered.

About the Business

Year Established:
1929
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,600
Rent:
$4,000.00 Per Month
Website:
www.tworld.com/chevychase
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks
Seller Financing:
150000.00

Listing Info

ID:
1624927
Ad Detail Views:
0

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Business Listed by

Erik Woodworth, CFA

Transworld Business Advisors of Chevy Chase

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U.S. Census Data for District of Columbia County, DC
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for District of Columbia County, DC
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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