Restaurant – 25 years in business! Corner Location - Owner Retiring

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Restaurant in Great Corner Location - Owner is Retiring After 25 years!
Asking Price:
$173,000

Gross Revenue:
$219,169
Cash Flow:
$68,774
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Hottest city in county, check, corner location, check, busy thoroughfare, check, been in business 25 years, check. Now that all the items are checked plus a few extras, what more could you want?

The restaurant was conceived, created and opened in 1994 and has remained at this corner location as the city has grown up substantially around them and how lucky is that. They have a consistent on the books cash flow that is documented and have not truly changed much in years. They are a date night location, an order to go hot spot, an “I want to feel special” kind of place. Did I mention that the only multi-million-dollar hospital in the county is being built down the road, literally? Thousands of new employees posed to enter the neighborhood in less than a year and a half. This place will explode even further.

If you ever owned or opened a restaurant, we all know you can’t do a successful job under $250K and have customers walking in the door and here it is in front of you. Retirement looms and he has made the decision to pass the baton. Time to take advantage of this opportunity and get in now, set yourself up for success.

About the Business

Year Established:
1994
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
1,873
Rent:
$1.28 Per Month
Lease Expiration:
6/30/2021
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About the Sale

Reason For Selling:
Seller is looking to retire after 24 years.
Training/Support:
2 weeks / 80 hour

Listing Info

ID:
1587311
Ad Detail Views:
0

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Business Listed by

Mary Keller Wynn

The Wynn Group

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

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U.S. Community Survey Data for Kitsap 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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