Neighborhood Liquor Store in NW DC

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Great rent and reputation!
Asking Price:
$399,000

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

REDUCED: 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 with 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 and at his sole discretion - all reasonable offers considered.

About the Business

Location:
Washington, Washington DC
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:
432

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Business Listed by

Erik Woodworth, CFA

Transworld Business Advisors of Chevy Chase

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