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#204423 year old Restaurant and Lounge-Seller Financing-Terrific Sales numbers Price: $250,000









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Presenting one of Kitsap County's well known landmark steakhouses. This steakhouse and lounge comes completely equipped with personnel and cash flow.

Known for its food and atmosphere, this is a restaurant and lounge to check out. This stand alone steakhouse has everything including dining room, kitchen, bar and pull tabs and everything that comes with making all that operate.

Includes Type 1 hood, gas grill, ovens, dishes, pool tables and the list goes on. But most importantly, the owner is willing to finance with 25% down and a 10 year note. Restaurants like this don't come around very often. Historically the sales have been solid. Between 2006 and 2007 a increase of $9449, from 2007 to 2008 an increase of $12283. Now that is solid!.

This steakhouse has a very loyal and strong customer base. People come to this spot, they don't just happen by. If this is the type of place you are looking for give me a call and lets get you in to take a look.

Also, seller will consider any combo deals with his second restaurant listing number 3118.

This is an Add Value Alliance, Inc. DBA Washington Brokers listing.





General Information Highlights
Listing Status: Sold
Price: $250,000
Location: Kitsap County Olympic Peninsula
Last Year's Annual Gross: $1,265,763
Last Year's Adjusted Net: $97,450
Lease Information: Business owner owns the building, open to lease terms
Monthly Rent: $3,000
Liquor License: Full
Indoor Seating: 102
# of Full-Time Employees: 21
Hours Open: Open 24 hours a day, 365 days a year
Year Established: 1989
Inside Sq. Ft.: 3000
Hood System: Yes
General Information Highlights
  • 20 years and Going Strong
  • Private 50 car plus parking lot
  • Loyal Customer Base
  • Option to purchase building and land of 1.3 acres addtional 1 million
  • The food is well known and terrific
  • Excellent location on a 70K car plus highway one way alone(DAILY)
  • Consistent $1.2 million dollar annual sales last three years, they are not following the trend
  • Restaurant seats 50, which is often full
  • Lounge seats another 50
  • Full line of pull tabs
  • Class H Liquor License
  • Completely owner free operated
 
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The information contained in this offering profile was provided by the Seller and is believed to be accurate. WABrokers has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents the last year's owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

 



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