Profitable Restaurant & Lounge – 40+ Year History

Not Disclosed, WA
Island County

Asking Price: Annual Revenue:
$250,000 $1,008,103

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Restaurant & Lounge – 40+ Year History Broker: Tom O'Brien
Owner Financing is Available!
Terms available for qualified purchaser.

Quick Facts

Asking Price: $250,000
Annual Revenue: $1,008,103
Net Profit: Not Disclosed
Cash Flow: $193,140
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 1963
Employees: 11
BBN Listing #: 288053365
Broker Reference #: Not Disclosed

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Business Overview:

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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Property Features and Assets:

Premise size is 3,730 square feet with seating for 70 in dining area, 30 in lounge and 60 on patio.

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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