Restaurant and Real Estate for Sale

Selling Restaurants presents this restaurant "including real estate" in this scenic lake side resort town. Tourist and fishing season are right around the corner so seize this opportunity now before its too late! The seller is highly motivated to consider all "reasonable" offers to avoid potential foreclosure in early March, and this hot opportunity is priced right for a quick sale! This was always a busy restaurant grossing approx. $300k per year until a divorce closed it down. Now is the time to seize this exceptional opportunity to own one of only two restaurants in the heart of this scenic lake side resort town. Restaurant is basically fully equipped with some deferred maintenance. Owner agrees it needs a good cleaning, new carpet, and some minor roof repair. The restaurant is currently closed but the equipment and fixtures are in good working condition. This is a family-style restaurant that seats approximately 100 people. The restaurant property sits on a large 100' X 125' lot with plenty of parking right off a busy street in this resort town. It is located on route 17 which is a major tourist highway in the summer time, and has just been designated as a Scenic Byway called the Coulee Corridor in an increased effort to drive side trip traffic off I-90. The 2008 Tax Assessed Value is $94,900.

You may learn more info about this area at www.soaplakewa.com. Soap Lake (population 1,777 in 2003) is located in Grant County, in central Washington approximately 180 miles from Seattle and 125 miles from Spokane. It is 21 miles from Moses Lake (population 15,000), and 5 miles from Ephrata (population 7,000), and is integrated economically and socially with both cities.
Soap Lake is surrounded by extraordinary outdoor recreation and cultural assets that contribute to quality of life and tourism development. Key highlights include the Lake and geology, warm climate, Coulee Corridor Scenic Byway, 140 fishing lakes, 6 state parks and wildlife refuges, 19 golf courses, 3 casinos, hundreds of miles of hiking and biking trails, museums, galleries, wineries and other tourist attractions and services.
Tourism spending in Grant County rose from $102 million in 1991 to $129 million in 2000, and the tourism industry generated more than 2,500 jobs (nearly 6% of all jobs). Local taxes generated by tourism doubled during that same time period, due to significant new lodging facility development in Moses Lake, growth in event attendance, and increased awareness of the Coulee Corridor Scenic Byway as a destination. After 9/11, visitor counts at several area destinations declined (Grand Coulee Dam, State Parks), but visitation increased in 2004, and is projected to continue the upward trend in 2005. The year-round average daily traffic on State Route 17 through Soap Lake is more than 4,300 vehicles, with lower volumes during the winter months (average of 3,600 vehicles in January), and higher volumes in summer months (5,600 vehicles in July).

This is an Add Value Alliance, Inc. listing.

Demographics

Population	5-mi
2014 Total Population	1,828
Households	5-mi
2010 Number Of Households	1,726
2010 Persons Per Household	2.30
Median House Value	$132,000
Income Per Household	$30,884
Businesses	5-mi
2009 Number Of Businesses	37
2012 Number Of Employees	0
2012 Total Annual Payroll	$2,703,000

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