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#3000
Bremerton ~ Bainbridge ~ San Juan Islands

Profitable Restaurant and Bar Near Seattle

$399,000
Profitable Restaurant and Bar Near Seattle
This Listing is Expired

This is a consistently profitable corner location bar and grill located in a busy shopping center with neighbors including hotels, grocery, and various retail. Possible Seller Financing Terms Available! The classic decor inside provides comfort in style with 10 copper top custom built booths, 20 copper top tables, top of the line chairs, picture windows, and attractive flooring. The beautiful wood bar is a great place to relax and watch sporting events on two big screen tv's. The bar also includes five copper top tables, an eight draft keg cooler, and a bottled beer cooler. The kitchen is a chef's dream and includes a walk in cooler, walk in freezer, 18 ft stainless steel type one hood, wolf broiler, wolf flat top, six burner oven, two deep fryers, six ft Asian wok table and much more. Jump right in and take over this successful turn key bar and grill.

This is an Add Value Alliance, Inc DBA Washington Brokers listing.

President, PRB Inc. & BBMT, Inc. Mel Jones

Lease

Region:
Bremerton ~ Bainbridge ~ San Juan Islands
Lease Term:
Expires May 2014 + 5 YR Option
Total Monthly Rent:
$5,676

Financials

Last Year's Annual Gross:
$650,000
Last Year's Owner's Cash Flow:
$200,000
Last Year's Food Cost %:
25
Last Year's Payroll Cost %:
21
Last Year's Rent %:
10
EBITDA:
$200,000

Operations

Liquor License:
Liquor
# of Full-Time Employees:
4
# of Part-Time Employees:
12
Hours Open:
M-F 10AM-10:30PM, Sat-Sun 10AM-Close
Year Established:
1994

Facilities

Indoor Seating:
104
# of Parking Spots:
40
Inside Sq. Ft.:
2,992

Highlights

  • Consistently Profitable Anchor Restaurant Located in Busy Shopping Center
  • Seller Financing Possible for Qualified Buyers
  • Plenty of Shopping Center Parking Spaces
  • Corner Location Neighboring Two Hotels
  • 50 inch and 62 inch HD Televisions
  • MICROS POS System
  • Eight Draft Beer Keg Cooler
  • 10 Copper Top Custom Booths
  • 25 Copper Top Tables
  • 18 Ft Stainless Steel Type One Hood
  • Class H Liquor License

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 23,509 49,699
Households 3-mi. 5-mi
2010 Number Of Households 9,470 19,084
2010 Persons Per Household 2.41 2.54
Median House Value $551,700 $388,578
Income Per Household $95,481 $80,985
Businesses 3-mi. 5-mi
2009 Number Of Businesses 872 1,132
2012 Number Of Employees 10,840 17,314
2012 Total Annual Payroll $236,950,000 $317,852,000

click for more demographic info

Disclaimer

 

Notice: The information contained in this offering profile was provided by the Seller and is believed to be accurate. Charter Business Brokers and its affiliates such as WABrokers has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. The User (that's you reading this) of this Website understands that Charter Business Brokers ("Broker") or its broker (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.  This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents last year's estimated owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

This is a "Charter Business Brokers" Listing.



 


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