Long Established Thurston Eatery with Real Estate-Semi Absentee

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Popular Restaurant with Prime Real Estate Included South Sound
Asking Price:
$1,050,000

Gross Revenue:
$969,168
Cash Flow:
$162,696
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$750,000
included in asking price

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Business Description

Since 1995 this iconic, well known Thurston County eatery has been serving up delicious comfort food to hungry locals and travelers alike. After so many years, the Seller is looking to retire and pass their legacy on to a new, energetic buyer. The facility is located right off of a major transportation corridor that is experiencing major development that has the potential to draw a high traffic volume. They've developed an excellent team of employees and are now running the restaurant in a semi absentee manner. Leads handle deposits, client relations and the like while the Seller maintains the books and property landscaping. Prime commercial real estate of 1.2 acres is included in this incredible offering. The business is paying a triple net lease of about four thousand per month and is included in the cash flow calculation. There is potential for growth by utilizing technology, working more in the business or further developing the dinner market. If you are looking for a great opportunity that includes a cash flowing business as well as cash flowing real estate, this might be the opportunity for you. Inquire today!

About the Business

Year Established:
1995
Number of Employees:
18
Real Estate:
Owned
Facilities:
1.2 acre lot of real estate is included in the transaction. The restaurant operates out of approximately 2400 sq ft with ample facilities for dining, kitchen, baking and dishwashing area. With a capacity of 125 patrons, this is a busy eatery and being located right off of a major transportation corridor helps.
Market Outlook/
Competition:
This restaurant serves all of Thurston, Mason and Lewis counties. Locals and tourists alike. There is significant development happening around the restaurant which should serve to help drive more traffic in the near future. Also, they have very little competition in the area.
Growth & Expansion:
Having been open since 1995 has helped this business earn a reputation for great tasting food and excellent service. Growth could happen with serving liquor to enhance the dinner business as well as taking full advantage of the robust development happening all around the facility. Better utilization of technology and/or the Buyer spending time in the establishment.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Seller will train buyer.
Seller Financing:
Seller open to participate in assisting buyer in obtaining an SBA loan

Listing Info

ID:
1600136
Ad Detail Views:
0

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Business Listed by

Wes Martin

Sound Business Brokers

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U.S. Census Data for Thurston County, WA
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Thurston County, WA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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