Profitable Restaurant & Lounge – 40+ Year History

Washington/Iland County
  • Price: $175,000
  • Gross Income: $1,008,103
  • Cash Flow: $193,140
  • FFE: $95,000
  • Inventory: $15,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #17515
  • Year Established: 1963
  • Financing: Possible owner terms for qualified purchaser.
  • Training: Training to be provided.
  • Facilities: Premise size is 3,730 sf with seating for 70 in dining area, 30 in lounge and 60 on patio.
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

Established, positively reviewed restaurant and lounge with robust sales and profits. This well located, free standing corner location is situated near Deception Pass, Penn Cove and a minutes walk to the water. The enterprise comes with a strong, loyal and growing customer base earning from a beneficial mix of tourist, highway and tourist patrons. The ample and easy parking fronting attractive landscaping invites diners and revelers. The facility showcases a large dining room flanking the cozy lounge and large covered patio. The nicely equipped, large kitchen is efficient and designed for production. Excellent turnkey opportunity offered at under 1.5X earnings.

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Business Listed By

Tom O'Brien 221 South 28th Street, Washington, Tacoma