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#1969
Seattle Restaurants For Sale

Steakhouse in Kitsap County. Price Lowered by $75K, Seller Financing, Profitable

$250,000
Steakhouse in Kitsap County.  Price Lowered by $75K, Seller Financing, Profitable
This Listing is Expired
SellingRestaurants has the privilege of presenting one of Kitsap County's well known landmark steakhouse. This steakhouse and lounge come 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.

This is a Add Value Alliance, Inc. Lisitng.
Agent Mary Keller Wynn

Lease

Region:
Seattle Restaurants For Sale
Lease Term:
Business owner owns the building, open to lease terms
Total Monthly Rent:
$4,000
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$1,265,763

Operations

Liquor License:
Hard
# of Full-Time Employees:
21
Hours Open:
Open 24 hours a day, 365 days a year
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
102
Inside Sq. Ft.:
3,000

Highlights

  • 20 years and Going Strong
  • Private 50 car plus parking lot
  • Completely owner free operated
  • 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 and the lounge seats another 50
  • Full line of pull tabs
  • Class H Liquor License

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
75%

Demographics

Population 5-mi
2014 Total Population 30,819
Households 5-mi
2010 Number Of Households 12,253
2010 Persons Per Household 2.43
Median House Value $222,900
Income Per Household $55,717
Businesses 5-mi
2009 Number Of Businesses 542
2012 Number Of Employees 14,022
2012 Total Annual Payroll $286,713,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Robert Lee Tade. ("Broker") or its agent(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 information 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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