#1984
Spokane Restaurants For Sale

Profitable Eastern Washington Casinos

$1,500,000

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.

This is a Larry Braden listing.
Broker Larry Braden DRE License #Wash - 8619 Cal. 01492583 Cal. R.E. DRE # 01492583

Lease

Region:

Spokane Restaurants For Sale

Lease Term:

Expires April 30 2011 + 5 yr options

Total Monthly Rent:

$12,500

Security Deposit:

$12,500

Financials

Last Year's Annual Gross:

$3,593,165

Last Year's Owner's Cash Flow:

$176,372

Last Year's Food Cost %:

15.8

Last Year's Payroll Cost %:

52.5

Last Year's Rent %:

4.4

EBITDA:

$176,372

Operations

Liquor License:

Full

# of Part-Time Employees:

110

# of Family Employees:

Hours Open:

Daily 9am-5am
24 Hours 5-Days/Week

Year Established:

2007

Hood System Type 1:

Yes

Facilities

Indoor Seating:

650

# of Parking Spots:

100

Inside Sq. Ft.:

14,000

Highlights

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.

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

Yes

Seller Carryback of Purchase Price:

40%

Demographics

Population	5-mi
2014 Total Population	49,953
Households	5-mi
2010 Number Of Households	18,372
2010 Persons Per Household	2.60
Median House Value	$146,100
Income Per Household	$41,990
Businesses	5-mi
2009 Number Of Businesses	1,769
2012 Number Of Employees	49,762
2012 Total Annual Payroll	$898,109,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Larry Braden CA License #01492583 and WA License #18058 ("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 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.

Other Listings in the Area

#6147

Long Established Classic Diner in High Traffic Location

Annual Revenues:
$1,700,000

Square Feet:
4,400

Available
$450,000
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