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Listing #2124 | Highly Profitable-Includes Real Estate-Seller Financing |
Price: $1,400,000 |
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This is a documented profitable restaurant that sits on the main hwy through town, on a corner lot and includes the real estate and the corner lot behind the restaurant.
Consistent sales of plus 1.2 million a year and Average 3 year adjusted NET income $221,000 per year.
Restaurants like these are hard to find. It is immaculate, runs like a well oiled machine, spotless and making money. Most employees have been employed here for 15 plus years and really want to stay.
The owner just spent USD 70,000 on an upgrade in the kitchen last year and it sparkles. I cannot say enough about this place, it is like finding a needle in a haystack.
Includes all the bells and whistles, POS system, 2 walk in coolers, walk in freezer, huge back office and plenty of friendly service. The food is homemade and the restaurant packed with people. Last years sales were even better than 2008 and in this economy that is hard to beat.
The owners have owned it for 16 years and cared for it the whole time to get it where it is today.
Take a drive to the peninsula and go have lunch, check this place out, you could be the next owner.
This is an Add Value Alliance, Inc. DBA Washington Brokers listing.
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| Listing Status: |
Available |
| Price: |
$1,400,000 |
| Location: |
WA Kitsap County Olympic Peninsula
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| Last Year's Annual Gross: |
$1,224,899 |
| Last Year's Adjusted Net: |
$95,656 |
| Lease Information: |
Owner owns Building |
| Liquor License: |
None |
| Indoor Seating: |
100 |
| # of Part-Time Employees: |
8 |
| # of Full-Time Employees: |
18 |
| Hours Open: |
Winter Sunday to Thursday 6am to 8 pm and Friday and Saturday til 9 pm
Summer 6am to 9pm everyday |
| Year Established: |
1979 |
| Inside Sq. Ft.: |
3400 |
| Lot Sq. Ft.: |
27645 |
| Hood System: |
Yes |
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- High Profit Restaurant with over Half Acre corner lots
- Immaculate, says "WOW" when you walk through the doors
- Owners do not Work the Restaurant
- Huge kitchen, just remodeled kitchen spent over $70,000 in upgrades
- Does over 1.2 million a year in just food, no alcohol
- 15 plus year employees, 1 manager, 3 assistant managers
- Adorable 50's style diner
- The area in the last 3 years has experienced huge commercial growth that includes Costco, walmart, and Home Depot just to name a few
- Exceptional Reputation in the area
- Still many opportunities to Expand for new owners
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Other Listings In The Area
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Profitable Restaurant and Bar Near Seattle |
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Location:
Lease: Expires May 2014 + 5 YR Option
Monthly Rent: $5,676
Annual Revenue: $650,000
Annual Profit: $200,000
Sq. Ft. 2,992
Price: $399,000
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