Freestanding Restaurant & Lounge

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Asking Price:
$499,000

Gross Revenue:
$1,500,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$2,530,000
not included in asking price

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Business Description

Retiring owners with a planned exit strategy in a well established business that is a community gathering place with a very profitable Restaurant, Lounge and Banquet facilities. American cuisine offering breakfast, lunch and dinner with the best salad bar in town.

The business seats over 130 in dining and lounge and an additional 110 in 3 banquet rooms. There is a working kitchen manager, working bar manager and dining room supervisor.

The business is for sale and real estate may be leased or purchased. The two story building is 12,638 sf, with office and storage on the second floor. Excellent ingress and egress with onsite parking. Completely renovated in 2010 with new HVAC and electrical. Banquet rooms have complete audio and visual capabilities.

Total population within 5 miles of 158,000 and household incomes of $62,000 make this a very desirable location.

About the Business

Location:
Puyallup, Washington
Year Established:
1972
Number of Employees:
32-34
Real Estate:
Owned
Facilities:
All FF&E included in sale price
Website:
kwcoffenbecher.com
Market Outlook/
Competition:
A Prime location with a long standing reputation for community involvement, great food and service.
Growth & Expansion:
The 6,000 sf second floor is waiting for great expansion ideas.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Negotiable

Listing Info

ID:
1640252
Ad Detail Views:
0

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Business Listed by

Steve Offenbecher, CCIM

KW Commercial Offenbecher

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