Lakebay Restaurant & Real Estate on Key Penninsula

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Asking Price:
$495,000

Gross Revenue:
$595,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Lulu’s Home Port Restaurant & Lounge is a 2,100 sq. foot restaurant and bar located on nearly a half of acre right on the Key Peninsula Hwy. The location has a family friendly restaurant that is supported by a well-equipped kitchen on one side and the bar is on the other side of the building with both having their own separate entrances. There is a large back yard right off the bar with a smoking area and room for picnic tables to move the fun outside during the nice weather. Lulu’s has been in business for 27 years and has a strong following as the yearly sales of nearly $600,000 show. The building has a brand-new septic system at the cost of $50,000, and a new roof installed all within the past year. Lulu is retiring and this is the perfect opportunity for an owner operator to get a turnkey restaurant and lounge with real estate in a growing and beautiful part of Washington State.

About the Business

Location:
Lakebay, Washington
Year Established:
1993
Number of Employees:
3FTE/4PTE
Real Estate:
Owned
Building Sq. Ft.:
2,130
Facilities:
Premise size is 2,130sf with seating capacity for 80 and ample parking.
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About the Sale

Training/Support:
Training to be provided.

Listing Info

ID:
1648111
Ad Detail Views:
0

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Business Listed by

Tom O'Brien

Pacific Commercial Brokers

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