Business For Sale

Neighborhood Bar & Grill, Semi Absentee Owned

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$210,000 $740,721

Food & Beverage: Bars, Clubs, Nightspots


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RE: Neighborhood Bar & Grill, Semi Absentee Owned Broker: Kevin Moen
Owner Financing is Available!
$110,000.00

Quick Facts

Asking Price: $210,000
Annual Revenue: $740,721
Net Profit: Not Disclosed
Cash Flow: $26,169
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 13
BBN Listing #: 935552112
Broker Reference #: 31861-915119

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Business Overview:

After a life as a landlord this business owner decided to take a space and fill a community need for a local Pub and Grill. The locals love the beer selection, great food and fun environment. This business has the makings of a staple in the community as a local favorite bar and grill right in your backyard.

Sales continue to increase year over year, with only a two year track record the business broke even in 2017 regarding discretionary earnings. The current owner is learning the industry and working with advisors to continue to improve the portion control, staff, management structure, and long term success of this restaurant. Buyer will get the benefit of a well oiled machine ready to continue growth, and profitable from day 1.

The buyer will also stand to benefit from the semi absentee nature of the current ownership. Current owner only works about 15 hours a week after outsourcing bookkeeping to a bookkeeper. His focus is now empowering management, finances and reporting, and continuing to improve profitability. This local joint is turning into a fan favorite, in an area with city development and improvement bringing more residents, higher quality clientele, and has the roots set to become a community staple!

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Property Features and Assets:

After a life as a landlord this business owner decided to take a space and fill a community need for a local Pub and Grill. The locals love the beer selection, great food and fun environment. This business has the makings of a staple in the community as a local favorite bar and grill right in your backyard. Sales continue to increase year over year, with only a two year track record the business broke even in 2017 regarding discretionary earnings. The current owner is learning the industry and working with advisors to continue to improve the portion control, staff, management structure, and long term success of this restaurant. Buyer will get the benefit of a well oiled machine ready to continue growth, and profitable from day 1. The buyer will also stand to benefit from the semi absentee nature of the current ownership. Current owner only works about 15 hours a week after outsourcing bookkeeping to a bookkeeper. His focus is now empowering management, finances and reporting, and continuing to improve profitability. This local joint is turning into a fan favorite, in an area with city development and improvement bringing more residents, higher quality clientele, and has the roots set to become a community staple!

Market Competition and Expansion:

Best quality food and atmosphere in the immediate area. Shaping up to be a local favorite for a good meal on the weekend, or quick beer and burger during happy hour. Continued focus on portion control and management. Quality control of food and staff to reduce. Natural growth coming with residential developments down the street. Improving area, and improving demographics.

Reason for Selling:

Change of focus.

Additional Details:

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

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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