Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$50,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	The Seller lives Out of State and must sell ASAP
Year Established:	2004
# of Employees:	3 Full Time / 5 Part Time
Yearly Revenues:	$260,300
Yearly Gross Income:	$260,300

Business for Sale Overview:

Intimate and Family dining, in this outstanding full service restaurant, located in the new Stanwood Camano Village. This charming, warm restaurant opened in Nov 2004. The Seller has over $250,000 invested in the build out with only the finest equipment and fixtures. The restaurant seats 125 (intimate inside dining and casual outside dining in the Malls courtyard across from the movie theater), has a 10 Feet hood and grill, lots of prep room, and a huge walk - in freezer and a Class H liquor license. The current owner lives out – of – State and has no involvement in the day to day operation of the business. There is a huge upside potential to this business for a full time owner/operator. There has been very little to no promotion of the business. This area could easily support a catering program and this restaurant is perfect for large family and business parties. This is a rapidly growing area with the demographics to support and build this business. Priced below equipment value for a quick sale – Seller’s Loss – You’re Gain! This is a Steal!

Property Features and Assets:

This charming, warm restaurant opened in Nov 2004. The Seller has over $250,000 invested in the build out with only the finest equipment and fixtures. The restaurant seats 125 (intimate inside dining and casual outside dining in the Malls courtyard across from the movie theater), has a 10 Feet hood and grill, lots of prep room, and a huge walk - in freezer and a Class H liquor license. The base monthly lease payments are $4,425 plus NNN charges of $550 per month. The lease runs till 10/31/2009 and has two 5 year options to extend the term.

Market Competition and Expansion:

There is no competition in this or surrounding Malls. This outstanding family restaurant is located in the newest mall in the area and has a great location. There is a huge upside potential to this business for a full time owner/operator. The current owner lives out – of – State and has no involvement in the day to day operation of the business. There has been very little to no promotion of the business. The Landlord provides the Seller with 100 movie Theater tickets per month for promotion and the Seller has not used them to promote the business. This area could easily support a catering program and this restaurant is perfect for large family and business parties. This is a rapidly growing area with the demographics to support and build this business.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.