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Listing #: 639113 | Status: Available | Last Modified: 11/9/2021
| Showing Instructions | |
|---|---|
| Call Listing Agent | Yes |
| Use Discretion | Yes |
| Listing Information | |
|---|---|
| Listing Date* | 5/6/2021 12:00:00 AM |
| Last Modified Date | 11/9/2021 10:47:57 AM |
| List Price | 398000 |
| Selling Compensation | 3% |
| Lease expiration | N/A |
| Selling Exclusions | False |
| Lease Information | |
|---|---|
| Monthly Rent | 5500 |
| Business Characteristics | |
|---|---|
| Type/Name of Bus | Profitable Absentee Model w/ Great Location |
| Hours of Operation | 12pm-10pm |
| Days Open | Mon-Sun |
| Year Established | 2017 |
| Leasable SF | 4,200 SF |
| # of Parking Available | 40 |
| Seating Capacity | 195 |
| Living Quarters | False |
| Operating Information | |
|---|---|
| Annual Gross Income | 1340000 |
| Operating Expenses | 1185000 |
| Net Profix | 155000 |
| Selling Price Includes | |
|---|---|
| Real Prop | False |
| Inventory | False |
| Fix & Equip | True |
| Bus Phone | 1 |
| Trade Name | 1 |
| Excl Items | False |
| Associated Files | |
|---|---|
| CBA Flyer |  |
| Building Information | |
|---|---|
| Building Name | Profitable Absentee Model w/ Great Location |
| Category | Food and Beverage |
| Address | 0 Undisclosed Kitsap County, WA 983xx |
| County | Kitsap |
| Market Area | 500-All Kitsap |
| # of Employees | |
|---|---|
| Full Time | 12 |
| Part Time | 4 |
| Documents | |
|---|---|
| Data Avail w/Offer | Yes |
| Pft/Loss State #Yrs | 3 |
| Schedule C #Yrs | 3 |
| YTD Offer State | Yes |
| Proposed Terms | |
|---|---|
| Seller Term | Yes |
| Min Down | Negotiable |
| Interest | 5.00 |
Profitable Absentee Model w/ Great Location
Call Listing Agent for an NDA. Do not Disturb Employees of Owner. Listing agent must be present for all showings or 1% commission will be paid.
The past 12 months have been challenging for the restaurant industry to say the least. For a restaurant to have not only made it through 2020 but to continue being profitable is an indicator of a solid business. Now that 2021 is almost halfway done they are on track to match the Pre-Covid 2019 numbers, simply amazing. The sellers have spent significant time and resources to make this beautiful restaurant and bar into a staple of the community. Great location, great outdoor space, great profits…REAL profits on the books! Did we mention that this is basically run on an absentee model? That’s about all we can share until you sign an NDA, let’s connect to discuss this fantastic opportunity. - Absentee Run - Seller Financing- $100K down/balance amortized over 15 Years!