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Listing #2044

23 year old Restaurant and Lounge-Seller Financing-Terrific Sales numbers

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


This is a Add Value Alliance, Inc. listing.
Founder Lawrence Braden
Sold

General Information
Listing Status: Sold
Price: $250,000
Location: Bremerton ~ Bainbridge ~ San Juan Islands
Last Year's Annual Gross: $1,265,763
Last Year's Owner's Cash Flow: $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 Type 1: Yes
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



 

Notice: The information contained in this offering profile was provided by the Seller and is believed to be accurate. Charter Business Brokers and its affiliates such as WABrokers has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. The User (that's you reading this) of this Website understands that GSRE, LLC dba Charter Business Brokers ("Broker") or its broker (s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the infomation provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.  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 last year's estimated owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

This is a GSRE, LLC dba "Charter Business Brokers" Listing.



 



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