Stand Alone Restaurant with great Views!!

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Stand Alone Restaurant with great Views!!
Asking Price:
$220,000

Gross Revenue:
$884,061
Cash Flow:
$152,039
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Authentic, nostalgic, makes you all warm inside, those are the first words that come to mind when describing this business. It is not often you come across a business that has been around for 52 years, yes I said 52 years!

The original owners opened the doors to the restaurant at this scenic location in 1966 and it has operated in the same spot for 52 years successfully. The current owner started working at the restaurant in 1990 and in 1995 the original owner came to him and stated he wanted to retire, the seller saw an amazing opportunity and jumped on it and that was in 1995. Now 28 years later it is his legacy to pass on.

Remember Friday nights and it was “eat out” night with the parents when they got paid, they would pick a special place that you probably went to more than once where they knew they could get great service, amazing food and have a good time relaxing after a long work week and it felt like you were with family and friends. As photos can attest, I believe this was and is still the place for so many just like that through the years, a staple, a happy family get together place.

The location as I mentioned has been the same spot for 52 years, but luckily the city grew in the right places and he now sits on a widened busy street, around major development and seconds from the freeway. The seller currently works about 16 hours a week at the restaurant overseeing and checking in but there are plenty of staff that have been here, two even longer than him that could fill in his hours. He doesn’t wait tables, cook, etc, just makes sure everything and everyone is running, or is it habit that until he passes the keys on that he can’t give up. Don’t miss this opportunity to be the next newsmaker in this town.

About the Business

Location:
Bremerton, Washington
Year Established:
1966
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
4,146
Rent:
$1.49 Per Month
Lease Expiration:
3/31/2022
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About the Sale

Reason For Selling:
Seller is retiring.
Training/Support:
2 weeks / 80 hours

Listing Info

ID:
1588355
Ad Detail Views:
0

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Business Listed by

Mary Keller Wynn

The Wynn Group

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