Full Service Restaurant

Relocatable, WA Not Disclosed

Central Washington

Asking Price: $1,100,000

Annual Revenue: $2,863,885

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Full Service Restaurant
Contact: Claudia Smith

Quick Facts

	Asking Price:	$1,100,000
	Annual Revenue:	$2,863,885
	Net Profit:	Not Disclosed
	Cash Flow:	$512,445
	Total Debt:	Not Disclosed
	FF&E:	$134,000
	Real Estate:	Not Disclosed
	Year Established:	1999
	Employees:	36
	BBN Listing #:	937840
	Broker Reference #:	8002-18185

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Business Overview:

Listed by Trip Advisor as one of the top ten restaurants in the region, this has been a popular family owned and operated fine dining full-service restaurant for over 23 years. This "gem" of a casual fine dining restaurant has an upscale ambience and menu, as well as, a full service bar.

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Property Features and Assets:

There is over 10,000 square feet of restaurant which includes the kitchen and two banquet rooms. There is ample parking and an additional lot after business hours for overflow in the busy evenings. The building construction is wood and concrete has easy access for persons of all abilities.

Lease terms are: 10,000 square feet at $13,320/month including CAM charges; 3 year’s remaining; with 2 - 5 year options to renew.

Assets = $184,275

Market Competition and Expansion:

The restaurant ranks in the Top Ten Restaurants by Trip Advisor in the Region beating our most local competition in the casual fine dining category. IBISWorld reports: High Revenue Growth (2018-2023) High Revenue Growth (2023-2028) The restaurant industry was hit by the pandemic and recovered quickly. Social distancing regulations resulted in a drop in sales, which was quickly followed by a jump in revenue, driving the recovery. Both consumers and businesses benefited from the financial support offered by the government during the pandemic. This came in the form of stimulus checks and loans developed specifically to combat the effect of the pandemic on the economy. Due to these trends, revenue has been growing at a CAGR of 2.6% over the past five years and is expected to reach $86.4 billion in 2023. This includes a 2.1% jump in 2023 alone. New ownership could hire more wait staff.

Reason for Selling:

Owner is retiring.

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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