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#1904
Seattle Restaurants For Sale

Restaurant with Real Estate For Sale

$1,250,000
Restaurant with Real Estate For Sale
This Listing is Expired
Selling Restaurants presents this gorgeous full service waterfront restaurant and lounge boasts spectacular views of the Puget Sound. The restaurant and bar was recently remodeled and includes a huge 2400 sq ft 2 level deck with additional large grass yard and cement patio perfect for barbeques. The bar and lounge includes pull tabs, a pool table, and performance stage where live music is heard often. A bonus 1100 sq ft upstairs includes two office spaces, storage area, and bathroom. The building was also recently remodeled and expanded and is in excellent shape. A new buyer will inherit a popular restaurant and bar with an extensive clientele list. The building includes ample off street parking just off a busy highway that sees over 14,000 cars and trucks per day. Located just minutes from the local Golf and Country Club this investment opportunity a must see. BUILDING & LAND APPRAISED FOR OVER 1.2 MILLION! Take advantage of this rare Puget Sound restaurant and bar with waterfront real estate included. Andrew Graham with Silverdale Realty is the listing agent. Please contact John Powers with WA Brokers at 206 697 2930 for more details.

THIS IS AN ADD VALUE ALLIANCE, INC. LISTING.



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Agent - SEO Management John Powers DRE License #WA # 100306

Lease

Region:
Seattle Restaurants For Sale
Lease Term:
Real Estate For Sale
Total Monthly Rent:
Negotiable

Financials

Last Year's Owner's Cash Flow:
$90,000

Operations

Liquor License:
Full
# of Full-Time Employees:
10
# of Part-Time Employees:
5
Hours Open:
15 hours a day 7 days a week.
Year Established:
1988
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Outdoor Seating:
20
Lot Sq. Ft.:
13068
Total Building Sq. Ft.:

Highlights

  • 7.02 % Cap Rate
  • 5,400 Sq Ft
  • 2,400 SQ FT Two Level Deck
  • Large Grass Filled Yard
  • Large Amount of Beach Frontage
  • Pefect for Weddings, Banquets, Graduations, Etc.
  • Gorgeous Views of the Sounds
  • 2 Blocks from 27 Hole Golf Course and Upscale Residential Development

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 2,000 4,414
Households 3-mi. 5-mi
2010 Number Of Households 1,396 2,670
2010 Persons Per Household 2.31 2.30
Median House Value $303,800 $268,300
Income Per Household $60,938 $63,155
Businesses 3-mi. 5-mi
2009 Number Of Businesses 46 75
2012 Number Of Employees 572 680
2012 Total Annual Payroll $5,621,000 $7,191,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("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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