Seller's Contact Information
- RE: Full Service Restaurant Including Real Estate
- Contact: Claudia Smith
Quick Facts
| Asking Price: | $554,000 | |
| Annual Revenue: | $843,192 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $155,000 | |
| Real Estate: | $399,000 | |
| Year Established: | 1981 | |
| Employees: | 23 | |
| BBN Listing #: | 27434955 | |
| Broker Reference #: | 8002-17483 |
Business Overview:
This is an Asset Sale plus Real Estate Only.
Here is a terrific opportunity to own an Iconic regional Restaurant business and the building located in the heart of Okanogan County, in an historic building built in 1906. This truly one of a kind family restaurant has served the locals and tourist trade for over 42 years.Â
Bespoke interiors with authentic period decor and 100 year old beam construction creates a fun dining atmosphere and experience like no other.  This large Full Service restaurant and Bakery, also has a Cocktail Lounge with a full bar and license that is a favorite of locals and visitors to the area. Â
According to Washington State Department of Labor, Okanogan County borders Canada on the north. The Columbia River Basin and Lake Roosevelt form its southern and eastern borders and the North Cascade Mountains form its western border. It is one of the largest counties in the state at 5,268 square miles. It is an agricultural county with many outdoor recreation activities that draw tourists.
The Business is listed at $155,000 and the Building is $399,000 for a total of $554,000.
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Property Features and Assets:
The building is 6,432 square feet footprint with a second story used for food and supply storage and has room to expand. The Owner pays the building LLC $3,600/month in rent and does all repair and maintenance. The restaurant itself, is spacious and seats 135 comfortably. Assets = $594,000
Market Competition and Expansion:
The restaurant industry has survived the COVID years and is once more thriving.  According to IBISWorld, Industry Analysts, the Single Location Full-Service Restaurants industry experienced revenue growth over the five years to 2021. For most of the past five years, the growing domestic economy and rising consumer spending led to consistent increases in consumers spending money on food away from home, increasing full-service restaurant spending. The Owners says the expanding the days from 4 a week and the hours of operation to include offering breakfast will help boost revenues right away! Additionally, putting effort into building up the Catering side of the business would also increase revenues.
Reason for Selling:
Owner is retiring.
Additional Details:
- The property is owned.
- 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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