Profitable Waterfront Restaurant Nets $197k

Ketchikan, AK
Ketchikan Gateway County

Asking Price: Annual Revenue:
$569,000 $826,065

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Waterfront Restaurant Nets $197k Broker: Max Crescenzi
Owner Financing is Available!
Loan/Seller - Amt: 294,000 Mos: 84 Rate: 6.00 Mo Pmt: 4294.92

Quick Facts

Asking Price: $569,000
Annual Revenue: $826,065
Net Profit: Not Disclosed
Cash Flow: $197,900
Total Debt: Not Disclosed
FF&E: $176,335
Real Estate: Not Disclosed
Year Established: 2006
Employees: 10
BBN Listing #: 9064630
Broker Reference #: 6401595831

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Business Overview:

One of a kind water front Seafood restaurant ideally located on a beautiful island & premium cruise ship destination. Open only 5 months out of the year (May-Sept) from 10am to 3pm Mon-Thurs. & 10-8 Fri-Sat and serving 400 plus covers a day during this time. The Cruise Industry currently brings more than 1.2 million visitors per year. The restaurant is beautifully renovated in a warm yet contemporary vibe with an open atmosphere. The dining room seats 57, plus the bar serving beer & wine and there's additional seating for 30 on the waterfront patio. The location can't be beat, it is next to the biggest tourist attraction on the island and also at the entrance to a unique and sought shopping enclave which is also owned by the landlord. Sales are phenomenal and now that the MEGA cruise ships have been approved for the port, more docks are under construction. Est. 13 years. Real estate is available for sale for $630k. Tremendous upside potential, contact agent for these details. Please refer to listing 6401595831, Business Broker Max Crescenzi 561 758-4241 when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $7,367; Square Footage: 3,200; Building Type: Self Standing; Terms & Options: Available; Expiration Date: 9/30/2025.

Market Competition and Expansion:

Non Compete : Miles: 25 Years: 3

Reason for Selling:

Moving back to the lower 48

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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