Adams Morgan, profitable, liquor license, restaurant/bar/club, long lease for sale in NW, DC, DC

Business Summary:
This business is located Adams Morgan neighborhood of Washington, DC, is a favorite gathering spot for young professionals. There is often a large crowd, particularly on Thursday, Friday and Saturday nights. In addition to facilities on three floors inside the building, it also features a large outside fenced patio that is open in the warmer months, and heaters are available outside in cooler months. It has a reputation for a congenial clientele, very moderately priced drinks, multiple TV’s for various sports events, and some appealing food selections. Most of the bartenders have been there for a long time, and they are friendly and at ease with the patrons. Many younger patrons have commented that this place brings back memories of their favorite college bars. The Adams Morgan neighborhood of Washington, DC is heavily populated by well-educated, young, mostly single professionals with considerable discretionary income. It is a multicultural urban neighborhood that is vibrant in the daytime, with a variety of independently owned shops, art studios, sidewalk cafes and restaurants; and in the evening with some of the most lively night spots in the city, many featuring live music. Over the past decade, prior to the current economic downturn, there had been widespread renovation of older apartment buildings and single-family residences in the neighborhood, which further attracted these young professionals. The condo market in this area had also been very active.