$475,000
North Bend Restaurant
Listing Type: Business Opportunity
Category: Food And Beverage
Status: Available
CBA ID#: 658841
1111 1111
North Bend, WA 98045View Map
Commercial Property

Marketing 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 in North Bend and includes very favorable lease terms with an Option and modest annual rent escalators of only $100 per year on a "Gross" Lease. Lease also includes a Right of First Refusal to purchase the real estate. Current hours of operation are limited. 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. Off-street and free on-street parking is available. This is a totally a "Turn-Key" operation including a Class 'H' Liquor License and enjoying the benefits of a successful operation.

Listing Agent Remarks:
Super friendly Seller to assist Buyer in any way to ensure continued success post Closing. Seller is very motivated and will consider all serious Offers!

Use Discretion: No

Showing Instructions: Please call for an appointment to tour.

Included in Price:

  • Real Property: No
  • Inventory Included: No
  • Fixtures/Equipment: Yes
  • Fixtures/Equipment Details: 75000
  • Phone System: Yes
  • Trade Name: No
  • Excluded Items: No

Financials:

  • Operating Income: $737,351
  • Operating Expense: $562,512
  • Net Profit: $174,839
  • Monthly Rent: 3485
  • Docs With Offer: Yes
  • Profit/Loss Years: 3
  • Schedule C Years: 3
  • Balance Sheet Years: 3
  • YTD Statement: Yes

Seller Terms:

  • Seller Terms: No
  • All Cash: Yes

Property Features:

  • Catagory: Food And Beverage
  • Parking: 4 Spaces
  • Leaseable SqFt: 2200
  • Includes Living Space: No

Business Features:

  • Ownership Type: Corporation
  • Hours: 4:00 PM to 9:00 PM
  • Days Open: Tuesday to Sunday
  • Seating: 89
  • FT Employees: 7
  • PT Employees: 3
  • Year Established: 2016
  • Why Selling: Retiring

Licenses:

  • Beer/Wine: Yes
  • Gambling: No
  • Professional: Unknown
  • Class H: Yes
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This Listing Supplied Courtesy of Peizer Commercial Real Estate
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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