Long Established Thurston Eatery with Real Estate

Not Disclosed, WA
Thurston County

Near Major Transport Corridor


Asking Price: Annual Revenue:
$1,050,000 $969,168

Food & Beverage: Coffee, Cafe, Dessert


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RE: Long Established Thurston Eatery with Real Estate Broker: Wes Martin
Owner Financing is Available!
Seller is open in participating in order for the buyer to obtain an SBA loan.

Quick Facts

Asking Price: $1,050,000
Annual Revenue: $969,168
Net Profit: Not Disclosed
Cash Flow: $162,696
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $750,000
Year Established: 1995
Employees: 18
BBN Listing #: 285632903
Broker Reference #: Not Disclosed

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Business Overview:

Since 1995 this iconic, well known Thurston County eatery has been serving up delicious comfort food to hungry locals and travelers alike. After so many years, the Seller is looking to retire and pass their legacy on to a new, energetic buyer. The facility is located right off of a major transportation corridor that is experiencing major development that has the potential to draw a high traffic volume. They've developed an excellent team of employees and are now running the restaurant in a semi absentee manner. Leads handle deposits, client relations and the like while the Seller maintains the books and property landscaping. Prime commercial real estate of 1.2 acres is included in this incredible offering. The business is paying a triple net lease of about four thousand per month and is included in the cash flow calculation. There is potential for growth by utilizing technology, working more in the business or further developing the dinner market. If you are looking for a great opportunity that includes a cash flowing business as well as cash flowing real estate, this might be the opportunity for you. Inquire today!

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Property Features and Assets:

1.2 acrea lot of real estate is included in the transaction. The restaurant operates out of approximately 2,400 square feet with ample facilities for dining, kitchen, baking and dishwashing area. With a capacity of 125 patrons, this is a busy eatery and being located right off of a major transportation corridor helps.

Market Competition and Expansion:

This restaurant serves all of Thurston, Mason and Lewis counties. Locals and tourists alike. There is significant development happening around the restaurant which should serve to help drive more traffic in the near future. Also, they have very little competition in the area. Having been open since 1995 has helped this business earn a reputation for great tasting food and excellent service. Growth could happen with serving liquor to enhance the dinner business as well as taking full advantage of the robust development happening all around the facility. Better utilization of technology and/or the Buyer spending time in the establishment.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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