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RESTAURANT FOR SALE
Profitable Eastern Washington Casinos
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SellingRestaurants presents this exceptional opportunity to invest in a profitable casino in fast-growing Eastern Washington. The entertainment options are endless with Spanish 21 Blackjack, 3 Card Poker, 4 card Poker, "Let It Ride", Double-Action Blackjack, Pai Gow Poker, Match the Dealer Blackjack, Ultimate Texas Hold'em, 5 Table Poker Room, 8 Pool Tables, Cabaret Club, Banquets, Mixed-Martial Arts Fighting, Largest Pulltab Selection, Video Pulltab "Slots", and much more. The card room operations includes a full-service restaurant and bar. The client affinity program is exceptional since it not only provides guests with instant rewards, but also enables the casino to best serve its best customers. There are also billiards leagues, poker leagues, and beer pong leagues to keep the loyal customers coming back for more action, competition, and fun. Revenues are derived from customers within the state of Washington and from tourists visting the area. The operations of the Casino are regulated by the Washington State Gambling Commission. The owners have decided to divest from this absentee-run business so they can focus more exclusively on their other casino operations in Western Washington.
Revenues already exceed $2M and net income already exceeds $200k in 2009. The property includes over $650,000 of property and equipment including furniture, equipment, and leasehold improvements.
This business is being sold free and clear of all liabilities. Owners are willing to carry up to 40% seller financing for qualified buyers.
Don't miss this exceptional opportunity to build on a profitable cash flow business.
There is also an option to purchase the commercial land and building.
This is an Add Value Alliance, Inc. listing.
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General Information
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| Listing Status: |
Available |
| Price: |
$1,500,000 |
| Location: |
Washington St. Eastern Restaurant for Sale |
| Last Year's Annual Gross: |
$3,593,165 |
| Last Year's Adjusted Net: |
$176,372 |
| Lease Information: |
Expires April 30 2011 + 5 yr options |
| Monthly Rent: |
$12,500 |
| Liquor License: |
Full |
| Indoor Seating: |
650 |
| # of Part-Time Employees: |
110 |
| Hours Open: |
Daily 9am-5am
24 Hours 5-Days/Week |
| Year Established: |
2007 |
| Inside Sq. Ft.: |
14000 |
| Hood System: |
Yes |
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Highlights
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- Profitable Casino in Growing Area of Eastern WA
- Many Card Games Including Blackjack and the ever Popular Texas Hold
- 5 Poker Tables Support Loyal Customer Base
- Complete Calendar of Entertainment Including Cabaret Dance Club, Billiards, and much more!
- Revenues already exceed $2M and profits exceed $200k in 2009!
- Sellers will finance up to 40% for qualified buyers.
- 8 Eight Foot Pool Tables on Simonis Cloth
- Nearest competitor just sold for ~$5M!
- Billiard, poker, and beer pong leagues build loyal customer base.
- Reward program provides guests with instant rewards and tracks your best customers.
- Endless entertainment events including exciting and popular mixed martial arts fighting.
- Option to purchase land and building.
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The information contained in this offering profile was provided by the Seller and is believed to be accurate. Selling Restaurants 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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