Prepared by https://cbadev.azurewebsites.net
Listing #: 625452 | Status: Available | Last Modified: 11/9/2021
Showing Instructions | |
---|---|
Call Listing Agent | Yes |
Use Discretion | Yes |
Listing Information | |
---|---|
Listing Date* | 4/24/2020 12:00:00 AM |
Last Modified Date | 11/9/2021 8:50:49 AM |
List Price | 230000 |
Selling Compensation | 3% |
Lease expiration | N/A |
Selling Exclusions | False |
Lease Information | |
---|---|
Monthly Rent | 6758 |
Business Characteristics | |
---|---|
Type/Name of Bus | Legendary Water View Restaurant! |
Hours of Operation | 11 am to 9 pm |
Days Open | Monday through Sunday |
Year Established | 1966 |
Leasable SF | 4,146 SF |
# of Parking Available | 26 |
Seating Capacity | 144 |
Living Quarters | False |
Operating Information | |
---|---|
Annual Gross Income | 940000 |
Operating Expenses | 825000 |
Net Profix | 115000 |
Reason for Sale | Parental Passing(s) |
Selling Price Includes | |
---|---|
Real Prop | False |
Inventory | False |
Fix & Equip | True |
Bus Phone | 1 |
Trade Name | 1 |
Excl Items | False |
Building Information | |
---|---|
Building Name | Successful Italian Restaurant with Water View! |
Category | Food and Beverage |
Address | 4908 Kitsap Way Bremerton, WA 98311 |
County | Kitsap |
Market Area | 505-Bremerton |
# of Employees | |
---|---|
Full Time | 14 |
Part Time | 5 |
Documents | |
---|---|
Data Avail w/Offer | Yes |
Pft/Loss State #Yrs | 3 |
Schedule C #Yrs | 3 |
YTD Offer State | Yes |
Proposed Terms | |
---|---|
All Cash | Yes |
Must contact listing broker for NDA and appointment. Do NOT talk to employees or owners. Selling broker must be present at ALL meetings or a 1% commission will be paid
1966, 55 years ago, an iconic restaurant opened for business and is still open today, yep, not even COVID 19 has not taken it down. Ironically, profits are up. The restaurant recipe for success has surpassed many industry standards and keeps on going. This past 6 months we have seen many positive upgrades to the restaurant and there are still tons that can be left to the imagination. The kitchen has been brought up to complete compliance with the health district by adding multiple hand washing sinks, new dish pit and machine, new refrigerated make station ,upgraded pass through, all new soda and beer lines and the addition of a class H license, phew! I believe the secret to success is a stable model that must be tweaked constantly, and that new energy of ideas has been started.
Listing #: 625452 | Status: Available | Listing Date: 4/24/2020 | Last Modified: 11/9/2021 | Email Listing