Property ID: —
Asking Price: $465,000
Location: Skagit County, WA
First time ever on the market!! Outstanding opportunity to own a full service restaurant and bar in the beautiful Skagit Valley. 14+ year history in a destination tourist driven community.
$1,000,000+ in annual revenues generating very strong profit to owner! Long term lease in place, well maintained equipment package, and room to expand hours & sales. Ideal for owner chef / working couple, those looking to make lifestyle change, or those seeking solid investment. If you are considering owning a restaurant this one is a must see!
Facilities: 2,892sf with long term lease in place. Excellent equipment package with no deferred maintenance. High traffic location with full bar, outdoor seating, and parking lot.
Competition: This restaurant is located about an hour and half North of Seattle, in a tourist driven community of the Skagit Valley. This business is well supported year around by the local community as well as the numerous tourists visiting throughout the summer, weekends, and other special events of the area. They are highly visible, located on main thoroughfare, and have dedicated parking for the building.
Growth & Expansion: Business was opened and has been operated by the same people since 2004. During that ownership they have been able to generate ever growing sales which are now exceeding $1,000,000 annually, and have been able to generate strong demonstrated cash flow beyond the full management salaries. This business is suited for both an investor and/or owner operator whom could increase profit by taking on management roll. Also, new owner could increase revenues by adding breakfast, either all 7 days or just weekends!
Reason for Selling: Retirement
Contact Mark Hesch 206-795-1391