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#940
Seattle Restaurants For Sale

Profitable Country-Lifestyle Family Restaurant on Whidbey Island!

$120,000
Profitable Country-Lifestyle Family Restaurant on Whidbey Island!
This Listing is Expired
This beautiful and profitable country-lifestyle family restaurant is located in one of the most sought after tourist destinations in Washington state. The family style cafe serves breakfast, lunch, and dinner and has only one competitor in the area doing the same. The restaurant has ample seating inside the restaurant as well as a good amount of outdoor seating when the weather is nice. This is a perfect opportunity for a new owner looking for a beautiful area to work and live in. Please select one of the bright orange buttons below to get the name and address of this business along with more photos. You will be required to complete a simple and FREE online registration to agree to the confidentiality agreement, but all that is needs is an e-mail address, name, address and phone contact.

This is not a Paramount Restaurant Broker, Inc. Listing and Paramount Restaurant Brokers, Inc. assumes no liability for this ad or its content. Larry Braden is the listing broker and is licensed in Washington State.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Seattle Restaurants For Sale
Lease Term:
4 years + 5 yr option
Total Monthly Rent:
$1,575

Financials

Last Year's Annual Gross:
$284,091
Last Year's Owner's Cash Flow:
$69,000
Last Year's Food Cost %:
80043
Last Year's Payroll Cost %:
114850
Last Year's Rent %:
8.4%
EBITDA:
$69,000

Operations

Liquor License:
B&W
# of Full-Time Employees:
4
# of Part-Time Employees:
9
# of Family Employees:
2
Hours Open:
Winter:
9am-3pm M-F
7am-3pm Weekend

Summer:
9am-4pm M-F
7am-4pm Weekend
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Outdoor Seating:
32
# of Parking Spots:
18
Inside Sq. Ft.:
1,400
Outside Sq. Ft.:
600

Highlights

  • One of the Most Popular Tourist Locations in Northwest
  • Large Open Floor Plan 1,400 sqft Facility
  • Ample Seating with 70 Inside and 32 Outside
  • Established in 2001
  • Completely Remodeled in 2002
  • Commercial Grade appliances
  • Commercial Grade Exhaust, Cooking and Cleaning Equipment
  • Catering Business with Room for Growth
  • Great Potential for Business Growth
  • Homestyle Country Cafe Serving Breakfast Lunch and Dinner
  • Very Little Direct Competition
  • Perfect for a Family Owned Business

Financing

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

Demographics

Population 5-mi
2014 Total Population 5,268
Households 5-mi
2010 Number Of Households 2,512
2010 Persons Per Household 2.10
Median House Value $396,900
Income Per Household $59,931
Businesses 5-mi
2009 Number Of Businesses 215
2012 Number Of Employees 2,094
2012 Total Annual Payroll $32,647,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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