Upscale Restaurant, Bar, and Lounge with Live Music and Hookah - Washington DC Area

This is a rare opportunity to acquire a highly successful and upscale restaurant, bar, and posh lounge located in the prime Washington DC area. The establishment boasts a live music venue, hookah service, and a spacious 80-seat outdoor patio, making it a premier destination. Spanning 7,000 square feet, it offers ample seating across its dining room (96 seats), lounge/bar area (101 seats), and a private dining room (22 seats), accommodating over 150 guests in total. Opened approximately ten years ago, the business has a proven track record, generating $2,577,123 in total revenue with a net income of $494,034 in 2021. It is on pace to exceed $3 million in revenue for 2022, with year-to-date net income already at $682,358. The business is being sold as a turn-key operation with significant investment in furniture, equipment, and leasehold improvements totaling over $1.4 million. The asking price is $1,400,000. This is an ideal investment for an experienced operator looking to capitalize on a well-established and profitable business in a sought-after location.