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#1098
Spokane Restaurants For Sale

REAL ESTATE Included: Restaurant, Bar, Beer Garden, & Beautiful 2 Bedroom Condo!

$590,000
REAL ESTATE Included: Restaurant, Bar, Beer Garden, & Beautiful 2 Bedroom Condo!
This Listing is Expired
This restaurant and Saloon was established in 1946. Since then it has won numerous awards including being voted #2 burger in the State of Washington.

The building includes an 1800 square foot dining area, bar, and kitchen on the main floor. A 1270 square foot full basement for storage, and an 1800 square foot loft condo with a separate entrance. The property for sale consists of two lots. The back lot offers 7,500 sqft of back yard with a privacy fenced beer garden. This beautiful historic building is located within 15 miles of four major universities and colleges. There is also a population draw of over 115,000 within a 15 mile radius. The business is located right on a busy highway that sees a traffic count of over 8,000 commuters daily. In addition to the close proximity of four major cities and colleges it is also close to excellent hunting, skiing, fishing, rafting, and boating, as well as great health care facilities. The Saloon and Restaurant are a turnkey operation and have made a consistent profit for the last 9 years. The restaurant presently offers excellent American Pub fair; including famous burgers, micro-brews, and a laid back atmosphere. The building is in great shape. It has been completely re-pointed. The loft condo has been updated, and a garden deck added. The restaurant has been recently remodeled with a large walk-in freezer installed on the back deck and central heating in the bar and dining room areas. The fenced in beer garden with horseshoe pits has electricity and outdoor lighting. There is also a large BBQ area as well as a shed for additional storage.Live the good life in your beautiful condo above your succesful and rewarding turnkey restaurant and saloon.

This is not a Paramount Restaurant Broker, Inc. Listing and Paramount Restaurant Brokers, Inc. assumes no liability for this ad or its content. Add Value Alliance, Inc. 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:
Spokane Restaurants For Sale

Financials

Last Year's Annual Gross:
$190,471
Last Year's Owner's Cash Flow:
$85,066
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
22

Operations

Liquor License:
Beer & Wine
# of Part-Time Employees:
4
Hours Open:
11 Am to Close 6 Days a week.
Year Established:
1946
Hood System Type 1:
Yes

Facilities

Indoor Seating:
75
# of Parking Spots:
12
Inside Sq. Ft.:
3,580
Outside Sq. Ft.:
4500
Lot Dimension:
27*200/50*100
Lot Sq. Ft.:
7910
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
1790

Highlights

  • Voted # 2 Burger in the State of Washington in 2006
  • 7500 SQFT Privacy Fenced Beer Garden
  • Beer Garden Includes Electricity, Lighting, & Horseshoe Pits
  • 12,70 SQFT Basement for Dry Storage & Extra Refridgeration.
  • Back yard Also Includes Large Barbeque area with 2 Smokers
  • The Restaurant has been recently Remodled
  • Located on Busy Highway with over 8,000 Commuters Daily
  • Close to Excellent Boating, Skiing, Fishing, & Hunting
  • Beautiful Brick Building Built in 1891
  • Population of over 115,000 within 15 Mile Radius
  • Only Restaurant & Bar in Town
  • Beautiful Two Bedroom 1800 SQFT Condo with Seperate Entrance Upstairs

Financing

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

Demographics

Population 5-mi
2014 Total Population 158
Households 5-mi
2010 Number Of Households 191
2010 Persons Per Household 2.29
Median House Value $173,100
Income Per Household $56,016
Businesses 5-mi
2009 Number Of Businesses 8
2012 Number Of Employees 68
2012 Total Annual Payroll $1,018,000

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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