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Profitable Restaurant & Lounge – Business For Sale - In Washington
Advertiser Information
Company Name :
Contact Name : Tom O'brien
Contact No :
253-507-5442
License No :
Alternate No : Fax :
You are A : Broker
B2B Co-op : No
Website : NDA :
Business Location Information
State : Washington
Municipality :
County : Island County
District :
City : Undisclosed
Village :
Zip Code : 98000
Area :
Purchase Information
Asking Price :
250000
Business Ad# :
22170
Financial Information
Gross Revenue :
1008103
Gross Profit :
Net Profit :
193140
Down Payment :
Cap Rate % : ROR / ROI % :
Business Salient Features
Biz Est. Year :
1963
Cur. Owner :
Operated By :
Owner Operated
Biz Hours :
Employees :
11
Building (sft) :
3730
Lot Size(sft) : Free Stand :
Yes
Complex / Anchoring :
No
No. Of Parkings :
Reserved Parkings : Street Parking :
Yes
Training Period :
Provided
Spl. License :
Liquor Beer Win
Lease Terms :
Call Agent
Lease Info :
Rent :
5000
NNN :
Tenant
Rent Inc. :
Call
Rent Inc. Info :
Seller Finance :
Yes
Business Sale :
Sale Biz Only
Biz Status :
Active
Sale Type :
Regular Sale
Franchise Information
Franchise : Name :
Additional Information
Home Based :
No
Relocatable :
No
Category : Food & Beverage
Category : Restaurant
Category : Bar
Category : Full Service
Category : Category :
Reason For Sale
Business Description
Established, positively reviewed restaurant and lounge with robust sales and profits. This well located, free standing corner location is situated near Deception Pass, Penn Cove and a minutes walk to the water. The enterprise comes with a strong, loyal and growing customer base earning from a beneficial mix of tourist, highway and tourist patrons. The ample and easy parking fronting attractive landscaping invites diners and revelers. The facility showcases a large dining room flanking the cozy lounge and large covered patio. The nicely equipped, large kitchen is efficient and designed for production. Excellent turnkey opportunity offered at under 1.5X earnings.
Advertiser Comments
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