After a decade of successful operations, the owners of the Tortoise & Hare Bar and Grille, located at 567 S 23rd Street, Arlington, Virginia have decided it’s time for them to sell the business. While they will continue to operate the business during the sale process, they are ready to transition onto their next opportunity after many years of serving thousands of satisfied customers.
The Tortoise & Hare is a well-known sports and entertainment bar and restaurant in a popular location along the 23rd Street block in the Crystal City area of Arlington, Virginia between S. Eads Street and S. Fern Street. The sale of the Tortoise & Hare business offers a unique opportunity for an operator to take over a profitable restaurant, catering and bar business with a loyal and established customer base and experienced staff. The leased premises are 2,724 SF above grade with additional lower level space including a prep kitchen, ample storage and separate entrance. On game days, you’ll find Tortoise & Hare packed with enthusiastic fans. Whether it’s the Steelers or the Penguins, dedicated Pittsburgh sports team fans converge here as the Tortoise & Hare is recognized as one of the top 9 bars outside of Pittsburgh to watch the Steelers.
In addition to being a sports entertainment venue, the Tortoise & Hare brand has become synonymous with high quality catering services, offering on-site catering services to many public and private institutions in the DC area. With a fully equipped food truck to add to the mix, taking the Tortoise & Hare brand on the go has never been easier and more profitable.
To further bring in the crowds and enhance the bottom line, Tortoise & Hare is one of the only live entertainment venues in the immediate area with a corner stage, lighting and sound system ready for the next act to entertain the paying customers. Benefiting from a desirable corner location at 23rd and S. Fern Street in Arlington, the excellent signage and generous mix of indoor and covered outdoor patio seating draws in the customers. Tortoise & Hare is also surrounded by many other popular establishments, including its next door neighbor, Freddie’s Beach Bar & Restaurant. With 23rd Street being an entertainment destination, all of the businesses benefit from significant foot traffic.
Beyond the busy weekend crowds and reliable game day patrons, there are even more opportunities to grow the business by servicing the new households and businesses moving into this expanding section of Arlington. According to Arlington County’s Profile 2017 Report, Arlington is one of the most densely populated jurisdictions in the country with 8,636 persons per square mile. Strategically located minutes from Washington, DC, Arlington County has a well-educated workforce, one of the lowest unemployment rates in the region, significant new housing developments bringing in new residents and a six-figure average household income, making this an ideal business location. While Tortoise & Hare has capitalized on these favorable demographics with their diverse restaurant and catering service platform, the next owner will be well positioned to immediately capitalize on what the owners have built and to take it to the next level of success.
To schedule a tour and to learn more about how to buy this operating business, please contact Ryan Rauner, RealtyMarkets at 703-943-7079 and firstname.lastname@example.org or Stephen Karbelk, RealtyMarkets, 571-481-1037 and email@example.com.