TACOMA, Washington
| Asking Price |
$100,000 |
Year Established |
2020 |
|
| Annual Revenue |
$500,000 |
Reason for Selling |
Seller is pursuing other opportunities. |
|
| Annual P/L |
$0 |
Attention |
Andrew Babcock |
|
| Annual Cash Flow |
$0 |
Listing Number |
1016041 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Here is your opportunity to own a well-established, turnkey bar and grill located in one of Tacoma’s most desirable residential neighborhoods and a key commercial business district for the city. Established in 2020, this recently updated business operates from ~2,500 square feet with occupancy for ~99 guests, plus a large outdoor patio with additional room to grow. Gross revenue is projected at ~$500,000 for 2026. A manager is in place along with 1 full-time and 7 part-time employees, providing an established operation for a new owner to step into.
The restaurant features a full liquor, beer and wine license, full kitchen infrastructure including a Type 1 hood vent and large walk-in cooler, and includes ~$175,000 in furniture, fixtures and equipment. Additional upside may exist through further utilization of the large outdoor space and the potential addition of a pull-tab program. The current lease runs through February 1, 2030, with a 5-year renewal option, at base rent of ~$5,665 per month plus NNN of ~$800 per month. Ample street parking in this very walkable neighborhood. Inventory of ~$5,000 is not included in the sale. Training will be provided to assist with a smooth transition, and financing may be available for a qualified purchaser.
Property Features and Assets:
<p>The business occupies ~2,500 SF with occupancy for ~99 guests, plus a large outdoor patio with additional room to grow. The recently updated space features a full bar and complete kitchen infrastructure, including a Type 1 hood vent and large walk-in cooler.</p><p> </p>
Market Competition and Expansion:
<p>There are several opportunities for a new owner to grow the business. The large outdoor patio provides additional capacity and could be further utilized for events, seasonal programming and expanded food and beverage service. There is also potential to add a pull-tab program, providing an additional revenue stream. An active owner/operator may also have opportunities to increase sales through expanded marketing, sports crowds, events, promotions and continued development of the food and beverage program.</p><p> </p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity