Profitable North Bend Restaurant

Asking Price$399,000

Cash Flow
Not Disclosed

EBITDA$118,324

Gross Revenue$754,949

InventoryNot Disclosed

FF&E$100,000
Included in asking price
Real EstateNot Disclosed

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Profitable North Bend Restaurant


Asking Price$399,000

Cash Flow
Not Disclosed

EBITDA$118,324

Gross Revenue$754,949

InventoryNot Disclosed

FF&E$100,000
Included in asking price
Real EstateNot Disclosed

Business Description
This is a very popular and well-established restaurant with an experienced Owner with over 40 years in the industry. This restaurant is located on a strategic corner near the base of Mt. Si in North Bend and includes very favorable lease terms with a Lease Option and modest annual rent escalators of only $100- per year on a "Gross" Lease. The Lease also includes a very attractive feature in a Right of First Refusal to purchase the real estate. Current hours of operation are limited (4:00 PM to 9:00 PM). However, there are no restrictions to open for breakfast, lunch and weekend brunches which provides opportunity for increased sales. New food faire concepts could also be considered. Easy off-street and free on-street parking is available. This is a totally "Turn-Key" operation including a Class 'H' Spirits Liquor License. Super cooperative Seller will assist in training and transition to ensure continued success post Closing. Finally, Seller has meticulous books & records to satisfy the most discriminating Buyer! SALE PRICE IS NEGOTIABLE!
About the Business
Years in Operation
9
Employees
10
Facilities & Assets
Leasable space is 2,200 square feet with total seating capacity of 89 (Inside: 65 + Outside: 24)
Market Outlook / Competition
Ther are no other Italian restaurants in town, but the food concept can change depending on Buyer's experience and preferences.
Opportunities for Growth
Attractive Lease includes a Right of First Refusal to purchase the real estate.
About the Sale
Seller Motivation
Seller Retiring -Seller is motivated to sell!
Transition Support
Seller will assist in training and a transition period.
Financing Options
Cashout
Listing Info
ID
2324047
Listing Views
1338

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Business Listed by: Mark Peizer Peizer Commercial Real Estate

Listing ID: 2324047 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.