This is your opportunity to be a part of the 'boom' in South Lake Union. Formerly Paddy Coyne's. This classic pub has elegance, style, and comfort. Perfect for the busy lunch crowd, the happy-happy hour, or for dinner with drinks after the work day. Health complications forces immediate sale. Financing available.
Excellent location, high visibility restaurant business located in the Walmart Shopping Center in Airway Heights. Cross streets are Hayford Rd and busy Highway 2. Restaurant includes quality conveyor oven that is capable of baking grinders, hot sandwiches and pizzas. Walk in cooler, sandwich prep equipment, high end tables, chairs and more. Purchase this business as a Quiznos (Franchise Approval Required) or purchase to convert to another sandwich concept, pizza concept or a variety of other types of restaurant businesses (Landlord Approval Required). Contact Listing broker John Powers of NAI Black Commercial for more details including the lease, equipment list and financial information. John Powers NAI Black 509 622 3563.6
Excellent investment opportunity for someone looking to escape the hassles of big city life and purchase a slice of heaven while operating their own business. Located in a tranquil valley 20 miles east of Bellingham, WA, and with stunning views of the Twin Sisters Mountains, this restaurant was completely rebuilt from the studs up in 2006. The many new upgrades include kitchen, flooring, walls, electrical, plumbing, all fixtures, heating, air conditioning, siding, roof and insulation. The grounds boast abundant customer parking, a view deck and lovely outdoor sitting area for dining, parties and horseshoes. The garden areas are beautifully maintained with an arbor and picnic tables. This is a perfect setting for family or group get-togethers, even weddings. Topping this off, a wonderfully restored 3 bedroom, 2 bathroom modular home is included with this sale, making for the easiest commute to work you will ever have! This is a once in a lifetime opportunity to get a new livelihood, new home, and a tranquil lifestyle all in one beautiful package!
The current owner has sucessfully established the city's only wine bar. The facility offers a full kitchen with hood which has been underutilized and is an area of significant growth potential. Price for this offering is set to cover primary furniture, fixture and equipment additions and not much more. This is an unusual opportunity priced extremely fair.
Spokane, WA neighborhood 1,615 restaurant building with 4,300 SF paved parking lot. Located on a high traffic, high visibility corner. $2,500 monthly rent plus NNN. One of the only restaurants in the area with a large parking lot. Type one hood, deep fryers and More. Two seating areas that have the potential to be a bar on one side and family dining on the other. Perfect restaurant set up for a variety of concepts including barbecue, burgers, Asian cuisine, chicken and more. Rare opportunity to put your restaurant concept in a highly sought after neighborhood. Contact listing broker John Powers of NAI Black Commercial Real Estate for more details.
Great opportunity to own a terrific business in the charming town of Republic Washington. Restaurant Bar and Grill for sale in prime location on Main Street. Building and land included. Lake Curlew is nearby and is a destination for sportsmen. Year around activities include fishing, hunting and snowmobiling. It is a motorcycle mecca. This is a full service Western style bar with pull tabs. Building is well maintained with a large deck and new 23k heat and air system. Char broiler,high end kitchen equipment, all bar furniture and security cameras included. Full list available upon request. Owner retiring.
Prime Ballard Location! 12’ Ceilings, Exposed brick, exposed concrete floors, 8’ Type II hood, grease trap, triple sinks, 3 hand sinks, 10 X 6 Walk-in cooler, current lease expires in 2019 with a 5 year option, landlord has approved S/B/W license and conversion of hood to type I for approved tenants. Possession of space for new buyer can be no earlier than 7/01/2016 *Buyers will need to provide, Business Plan and Financials for landlord. *This is an Asset and Lease Purchase. Trade Name Not included. *No P&L or Taxes will be provided. **Please do not bother employees.
Well Established Food & Tavern Business • 3,155 Square Feet ± • Price Includes Type One Hood, Deep Fryer, Custom Built Bar etc. • Market Street Recently Rebuilt with New Streetscape, Sidewalks, Lamp Posts, etc. • Corner Lot / Controlled Intersection
Queen Anne, WA
Amazing location on Top of Queen Anne! Great cash flow, $80K. Heavy foot traffic with prime store frontage. This space is perfect for anyone that has ever wanted to open a wine or craft cocktail bar! Clean and pristine FF&E. Great space for an owner operator. Open only for dinner service, Tue-Sat. 1180 RSF, Rent is $3900 including NNN.
Elegant but still family friendly. Located just steps away from downtown. Gross $560,000 / Net $85,364. Includes comfortable on-site dining; banquet area; catering; and delivery.
Pioneer Square, WA
FUN FUN FUN!!! Well Establish Nightclub Downtown Seattle; absentee owners. Gross sale 2014 Tax returns $1,724,664 NET $213,088 plus owners salary of $ 266,271, Full Kitchen, Full Bar with many unique amenities; a staple in the Nightclub scene and with sports enthusiast . All interested parties must sign NDA.
Ravenna area Gastro Pub located in highly desired north-end neighborhood with excellent vehicle and foot traffic visibility. Established in 2009; Licensed for Spirits, Beer and Wine; Type 1 Hood; Full size walk-in cooler; HVAC; Sprinkler System; Great Lease...1583 Sq Ft; Seating for 60; Parking for 6+ Street; $3,050. mo +NNN; Five years with one five (5) year option. Right of First Refusal on Property. Outside seating possible.
Prime Division St Corner Location Restaurant with High Visibility Located One Block from the Northtown Mall. Restaurant building is roughly 2,772 SF with a good amount of parking. Booth Seating with Sushi Bar and Large Kitchen with Type One Hood and Walk In- Cooler. Equipment Value was established at over $81,000 at the time of opening. Free standing building available for a variety of bar and restaurant concepts. Contact listing broker John Powers of NAI Black Commercial Real Estate for more details.
What a steal, family style restaurant, 4400 square feet, first year sales over $600K. The location had a restaurant for 12 years a few years prior. This family came in, took the closed restaurant over, revamped the entire inside with all new furniture and equipment. A total remodel of $180K was invested and now the doors were opened. Unfortunately, the partnership dissolved and the non restauranteur partner was left with this diamond in the rough. They have done a remarkable job but this isn' t their thing. It is a stand alone building, first restaurant in a growing town on a major highway. This is a great opportunity for someone with restaurant experience. This place is extremely busy in the summertime with all the visitors and snowbirds now home. Don' t miss this great opportunity, please make sure you have experience, this size of restaurant requires it. The real estate can be for sale as well, but no necessarily need to be. Call for NDA.
Great corner unit in Belltown/Lower Queen Anne with outside seating, foot traffic, great bar with picture windows to reveal AMAZING Seattle Views. Newer building with 2,200 RSF, rent at $4,800 including NNN, type I hood, HVAC, walk-in cooler **GREAT Chef owner space or bar; can be any concept.
King County, WA
This is a long established neighborhood tavern location, with full service bar and limited food service. They serve beer on tap, microbrews, liquor, wine, and have typical "bar food" available, eg. appetizers, and sandwiches. The business does a good volume with pull tabs and has been developing live entertainment and Karaoke.
Yakima County, WA
Package of two no-frills basic bar and grills located on the same block of each other. ONLY BARS IN THE AREA! No full hood but basic bar food offered. Pull tabs currently offered in one, previously in both. Live band set up, custom large keg coolers. A LOT of potential with motivated owner. NDA required.
Just literally minutes to downtown Bellevue. Able to take advantage of the downtown people’s patronage but not having to deal with the traffic and parking problems. Very easy to get in and out of and more than plenty of parking. This restaurant is and has been very profitable for many years. Located in a residential shopping plaza with a major grocery store serving as the solid anchor. Fully equipped and turnkey. Has been in place drawing great reviews for about 16 years. Currently serving an Asian cuisine but has a full kitchen with hood and lots of extra storage space. New owner could modify or change completely the menu if so desired. The operating hours that the current owner keeps is very restrictive but that is entirely by his choice, new owner could definitely alter the operating hours to better maximize the space and increase the profits. This restaurant is currently closed on Sunday’s and Sundays are usually a pretty good day for sales in the restaurant industry. Another example is this restaurant has an open floor plan over 2,100 square feet yet because this restaurant closes so early in the evening it misses out on possible dinner sales. And of course if stayed open later it could offer karaoke or live entertainment, or live mic night. You could even put in a bar or flat screen televisions. Has a full kitchen and plenty of parking so plenty of options. This could be a neighborhood evening gathering spot if the hours were extended. There is no competition in the neighborhood offering that. Of if you just want to stay on the current course this restaurant has a long history of profitability and a long line of loyal customers. Has two private rooms for private gatherings. Seating is currently 55 comfortably but can fit more if need be. Currently operated by 2 fulltime and 3 part time employees. Lease is reasonable, assignable and has a long life left on it. Seller good people and wants to make a win, win deal for the new buyer. Seller wants to move out of state so that is the reason for selling.
Better than great location. If you are looking for a great location and a easy food concept to master then this pizza restaurant is definitely worth checking out. As far as the food industry and restaurants in particular go it’s good to know you don’t have to be a trained chef to make a lot of dough. The profit margin on pizza is still very high. And there is a lot of ways to increase the profits at this pizza place. Currently the owner does 70% of his sales in pizza delivery, but this restaurant offers a nice dining area that sits about 44. The location is high traffic with slow moving cars and lots of apartments and condos close by also a lot of businesses as well. Lots of much slow moving foot traffic too. So lots and lots of ways to expand on an already very good business. This pizza place has been in place here for 10 years so as you can imagine there is a loyal local established pizza crowd already in place for you. Not much sit down dine in pizza competition close by. So there is definitely a pizza dine in niche to be had. Space for pizza parties or office meetings etc.. But current owner made no attempt to collect names, emails or phone numbers or even establish a website. No catering is being marketed or advertised for the many nearby businesses. With pizza you have a very tasty product that is fairly easy to prepare with very high profit margins. This pizza place just needs leadership that wants to reach out and do more than just put on the open sign. Also another way to increase the profits is to take advantage of the full kitchen with hood and offer a breakfast or brunch menu as none is being offered right now. The location sure has the population to make this a profitable idea. With 1500 SQ FT so there is room and the market for brunch and coffee earlier in the day and pizza later in the day. Another reason this location is so good is there is a major high trafficked park literally within eye shot of the front door of this restaurant. Which in turn opens the possibility to selling pizza by the slice to the many park goers. This is a very good cash business. Very good visibility and signage. This is not a franchise so creative leadership is welcome here. Owner wants to move out of country is reason for selling. All the arrows point very much to many good dough can be made here with the right leadership. To get more information or setup a time tour this pizza restaurant just call or email listing broker.
Located in Seattle's thriving Capitol Hill neighborhood and the soon-to-be completed main hub of the Capitol Hill Light Rail Station, this business is surrounded by existing and ongoing residential expansion as well as a synergistic mix of bars and eateries and it lies in the heart of one of Seattle's most desirable and densely populated areas. The functional, professional design and build-out coupled with inviting high-end finishes offers small plate food service, craft cocktails and regional beers and has no deferred maintenance. Turnkey opportunity.
Situated in a dynamic Seattle neighborhood surrounded by an abundant and synergistic mix of business and residential customers. This well appointed facility features multiple, large HD TV’s with full stereo sound, a full kitchen with 8’ hood and walk-in cooler and large patio. This non-owner operated business serves specialty cocktails, cold beer and quality comfort food. Desirable location, proven track record with historical profitability and an incredible upside for an owner operator. Turnkey opportunity.
See attached offering memorandum for complete information. This is an ideal opportunity for an experienced operator with their own concept or a national chain or franchise looking for a tremendous location with great lease terms, build out completed at a tremendous discount, and a liquor license in place. Bring your own concept and take advantage of new restaurant build out without all the time, cost, and headache. The below market lease is ready for a new operator to hit the ground running. Switch out the signs, bring in your ideas, and you’re up and running in a fraction of the time and cost it would take to build out your own restaurant. Luna’s Bistro is a beautiful turnkey restaurant located in the Barkley Village neighborhood of Bellingham, WA. The restaurant is less than two years old and located in a brand new building adjacent to Woods Coffee sitting in front of a 16-screen Regal movie theater with hundreds of thousands of visitors annually. It benefits from an exceptional build out that provides a wonderful ambiance for the lunch crowd and a full bar and pizza oven creates the perfect setting for movie goers at night and on the weekend. An equipment list and photos of the full commercial kitchen is available to qualified buyers. Over $700,000 in build out and FF&E is included a substantial discount. Neighboring tenants include Woods Coffee, Zen Sushi, TCBY, Subway, and a 16-screen Regal Cinemas movie theater. The surrounding area includes over 300,000 SF of office space and 300,000 SF of retail space within walking distance. Favorable lease terms with extensions available. The restaurant currently has 80 seats plus a bar, but can be configured in many different ways to accommodate a new concept, QSR, fine dining, pizza parlor, and more. During the Spring and Summer months, the outdoor patio provides additional seating. The front entrance of this new retail building faces a 16-screen Regal Cinemas movie theater with floor to ceiling windows and a mezzanine for dining.
King County, WA
Square footage: 10,000+ Capacity: 700 Tables (bottle service): 24 Lease (years remaining): 9 Stages: 3 Bars: 2 Piano: 1
Priced to sell! Great location right in the heart of Woodinville, 1.7 miles from Hollywood winery and 2.3 from Chateau Ste. Michelle. Walking distance to downtown core with 18’ Type I hood, 5’ x 14’ walk-in reach-in cooler, 20 ‘ ceilings with two roll-top doors. Hours of operation 11am-9pm, 7days. Sqft 2200, Seats 80, Beer/Wine & Class H, ample parking. Established 2000. Monthly rent $6800 + $700 NNN. This space would be a great full service restaurant, catering facility, or tasting room.
Sellers are retiring. Perfect opportunity for new manager to operate this large restaurant/bar in Longview. Serves American breakfast plus Chinese food at lunch and dinner. Huge bar with stage for live band and warp around balcony for any size of party. Confidential Sale -- Please DO NOT disturb sellers, employees and customers. Buyer to qualify for new lease agreement of $5,000/mo + NNN. Lease term to be 5-yrs + 5-yrs option
Prominent East Vancouver Restaurant and Bar-
As seen on TV, yep, this steakhouse had gone through a makeover a few years back and the feedback was terrific. The current owner purchased after the dust settled and now wants to go back to retirement. This restaurant was established in 1993 and has had an amazing history and has outlasted most places. They moved across the street three years ago and the result is gorgeous! They spared no expense, this place is going for a steal . The assets alone to do a buildout like this would easily cost over $500K. This is truly walk in ready and open for business. What this place needs is an owner that is perhaps an operator and/or has restaurant experience. It is a nice size restaurant so it takes talent to make it successful. Call me up, sign an NDA, go in have lunch or dinner then give me a call. The seller is motivated. Right off of Hwy 3, about 1.5 miles, easy access, lots of parking.
Sophisticated with a multi-faceted interior including dining room, bar area, semi private dining room, larger private dining room, outdoor dining and much more. Open 7 days a week, 4pm-2am. Seating-100, 5700 sqft. Established in 2001, same owner. Gross $5,000,000/Net $1,400,000. Right of First Refusal.
Located just off I-90, this 7700 sq ft restaurant with lounge and banquet room is in a Prime Location. Gross $955,194. Lease through 2024. Seating for over 200; Parking for over 70. open 6am to 9pm; 7 Flat Screens;; walk-in cooler; 6 taps with cooler; walk-in freezer.
Bonney Lake, WA
Great opportunity to own this premier bottle shop and tap room. Over $200,000 invested in the build out alone. This first class turn key business features over 700 beers with 20 rotating taps that are cooled to perfection with a glycol beer system, small commercial kitchen with limited menu that could be expanded for more growth, huge walk in cooler, office with camera and security equipment, Point of Sale register, Hwy 410 traffic counts and exposure. Huge growth potential for the right buyer.
This business has a loyal following. After 26 years everyone in the neighborhood knows the bar and owner. With a new owner and some fresh ideas this could be a great local sport bar. By adding more TVs, Pull Tabs, Electronic games and perhaps a different Menu This business could become a real Cash Cow. The possibilities are endless and the price is excellent for the Land, Building and Business.
Sports bar 1/2 mile south of RENTON LANDINGS & 3/4-mile north of DOWNTOWN RENTON. Turn key operation. Full bar counter w/ large granite counter top, music box, arcade, 2 pool tables & 13 wall-mounted flat screen TV. Equipment alone is worth a lot of money.
Restaurant and bar located at a main intersection of two major roads in Renton highlands.
Mill Creek, WA
THERE ARE ONLY FOUR OF BARTENDING SCHOOLS IN WASHINGTON STATE. IT'S A UNIQUE AND RARE BUSINESS OPPORTUNITY TO OWN YOUR BUSINESS AND BE A OWNER AND CONSULTANT. 800 SF. PERFECT SET UP, FULLY EQUIPPED. LOW RENT, LONG LEASE TERMS. SELLER WILL PROVIDE A 30 DAYS ON SITE TRAINING AFTER CLOSING.
Spokane Valley, WA
Incredible Location Spokane Valley Mall Restaurant. Roughly 6,000 SF with Large Parking Area. Located at East Entrance of Spokane Valley Mall. Neighbors include Red Robin, Buffalo Wild Wings and Twigs. Large Kitchen and Buffet Area. Buffet Area Great Place to Convert to Bar. Tall Ceilings with Beautiful Sky Lights. Attractive Long Term Lease. Rare Opportunity for Spokane Valley Mall Pad Site Restaurant Location. Serious Inquiries from Well Qualified Restaurant Tenants Only Please.
Here lies an opportunity for well-reviewed, absolutely turnkey business with a reputation for quality and service. The business has been satisfying its customers since 2011. Situated on high traffic, high visibility arterial, this hip business lies in a densely populated area offering an excellent mix of residential, business and transient customers. Neighbors include the City of Tacoma offices, shops, theaters and a synergistic mix of bars and eateries.
The craft brewing industry has experienced tremendous growth in the past three decades and the growth continues to accelerate. In recent years, consumer tastes have shifted away from beers produced by large breweries to craft beers made by smaller breweries. The March/April 2014 issue of New Brewer by the Journal of the Brewer’s Association, addresses the growing craft beer industry: • In 1983, there were 12 microbreweries in North America. • In 1993, there were 400 microbreweries. • In 2014, there are 3,000 microbreweries The target company is a national award winning brewery in the North Methow Valley of Washington State. It is also a destination brewpub/restaurant that has experienced consistent growth since 2010. The target also distributes product to the west side of the state in the Seattle area and up and down the I-5 corridor. There is significant potential to expand distribution channels with an investment in production capacity. What makes the target beers unique is their special brewing process, the quality controls they have in place and the water used in the product. The water originates from the town’s deep well in an uncontaminated aquifer that is not chlorinated by the town’s water system. The target is a family-oriented business with customer’s ages from children to seniors. The majority of customers are young/middle-age, middle/upper class Americans and Canadians and has developed very strong local/regional support. Many customers come from the Seattle area, British Columbia, and Eastern Washington. The brewery gets a number of world travelers that come to experience the beauty of the Cascade Loop and Pacific Northwest.
King County, WA
This is a classic sports bar and grill located in the Kent East Hill area. Facility is 3100sf and offers ample parking, and a great long term lease rate. Kitchen is clean, well maintained and fully equipped with Type 1 hood and Walk-In cooler. Strong, loyal customer base that enjoy the Pull Tabs, Pool, Darts, Video Games, and much more.... Owners currently work 20 hours a week and employ a full time manager. Tremendous upside with an owner/operator. Turnkey Opportunity.
Spokane Valley, WA
Prime Location Spokane Valley Bar Business for Sale with Restaurant Kitchen. 2,135 SF Building for 2,400 per Month Plus NNN. This Business is Located in a Highly Visible High Traffic Location with a Large Parking Lot, Outdoor Patio, Custom Built Bar, Efficient Kitchen with Type One Hood and Walk-In Cooler, Karaoke / Dance Floor Area, Pull Tab Income Great Opportunity for Owner Absentee or Owner Operator. Nice Profits!
As you enter this business you will start to imagine how you could take this business to the next level. If you are now in the business or if you want to own a well established neighborhood bar and grill this is it. Well known and recognized facility with all kinds of options going forward. Set up for music, sports or bring your own ideas. This area of Pierce County is lacking a bit for that "go to" place for good food and good drinks. Call listing agent for more information. REAL ESTATE FOR SALE OR LEASE!
High traffic, high visibility corner location. Strong, loyal customer base with over 60 year history. Includes land, business, building and commercial rental unit. Turnkey opportunity.
Charming Italian Restaurant and Bar in great location offering the family dining experience, a romantic ambiance, and full bar with fun happy hour specials. Indoor and patio seating. Amazing food, fantastic online previews, and loyal customer base. Positioned among several high-rise residential apartments and in the downtown Burien core with outstanding street exposure and visibility. Ample parking available. Close proximity to bustling SeaTac airport, SR 509, Hwy 99, I5 and I405. Vast upside potential with expanded hours, offerings, specials, promotions, and so much more! Bring your own ideas and be your own boss! Possible seller financing!
Great opportunity for a fast food café or a sit down and dine in restaurant. Has a drive thru window already in place, full kitchen with hood, fryers etc.. Plenty of parking, 20 or more spaces available. This café is located on a very busy street with high visibility signage. But maybe the best feature of this café is the interior décor, it is definitely a cut or two above, especially for the giveaway asking price of $49,000.. Has a beautiful fireplace and a grand oversized bar to name a couple of the eye catchers in the dining area. Whatever your cuisine, cafe or coffee shop concept you find this restaurant is ready to start serving right away. About 2000 SQ FT so plenty of room even if new owner wanted to add live entertainment or open microphone night it’s very doable. This is not a franchise so creative buyers are welcome to come and bring their creative ideas. Other money making ideas is to offer breakfast and or breakfast sandwiches and coffee as there is not much breakfast competition close by. And the street this café is located on is a highly trafficked street even in the early morning hours. And the drive thru window next to the busy street lends itself well to this idea. Has 3 flat screen TV’s.. Seller owns three businesses and this is the furthest from his home so it is difficult for him to maintain this restaurant on a day to day basis. Even the lease on this business is very reasonable, especially when you consider the busy traffic location, the beautiful décor set up, full kitchen w/ hood this is just a really good deal at a giveaway asking price. It should also be noted that the current owner is not using the drive thru window, so here is another area to expand profits. Not only for coffee and breakfast items but also some type of fast food, examples chicken, hot dogs, burritos or tacos etc...
Charming Bar & Grill overlooking Tacoma's spectacular waterfront and located in a densely populated neighborhood. Offers an eclectic mix of breakfast, lunch and dinner foods. Friendly staff with devoted, loyal customers. Fully equipped kitchen. Turnkey opportunity.
Airway Heights, WA
Prime Corner Location Bar and Grill for Sale in the Heart of Airway Heights Close to Base and Grocery Store. Remodeled 3,016 SF Building. Building sits on a 8,320 SF lot with good parking and private patio with water feature and beer garden. Custom built bar with 13 beers on tap, 60 bottle selection and wide liquor selection. Sports Bar Entertainment with Large Flat Screen TV's. Pool Tables and Dart Area. All Games are Leased. Efficient Kitchen with Self Contained Fryer, Flat Top Grill, Large Walk-In Cooler and More. Well Established Business with Growing Sales. Excellent opportunity for owner operator that wants to own a bar and be their own landlord.
Amazing location on 1st Ave in the Heart of Pioneer Square, great foot traffic and PRIME window frontage. 2,200 Sq. FT with a type I hood, class H, currently seats 100. It has been with the current owner for 6 years. This is his last restaurant to sell before retiring. There will be no books or records; this is a hard asset sale and lease. *PRIME for Pioneer Square with old Seattle charm exterior brick but safety of building upgrades!
Beautifully Remodeled I-90 Restaurant, Bar and Banquet Facility for Sale.
Well established Bar & Grill situated on First Avenue under the Pike Place Market umbrella. Good mix of business, tourist and regular customers. Facility features full kitchen with 12` Class-one hood, walk-in coolers and two well appointed bars. Fantastic views of Elliott Bay, or enjoy the hustle and bustle of the city on the sidewalk patio and its massive pedestrian foot traffic. Profitable opportunity or ideal for any concept.
King County, WA
Irish Pub and Canjun Cafe that has been around for 15+ years and is extremely profitable. This is a "cash cow" that has netted $300K 2011-2013. The current owner who bought it in 2014 runs it completely absentee and still nets 273K. The current manager and employees are paid well and have been long time employees. This won't be on the market long as owner has priced well below market for a quick sale. An absentee business like this would normally sell for much more.
King County, WA
This well reviewed establishment is know for good food, cold beer, generous drinks, and excellent service. The free standing facility features a casual, clean and inviting atmosphere with multiple HD televisions. The bar is well stocked and backed by an assortment of pull tab games. Truly a turnkey, profitable opportunity with a long and durable track record of sale profitability with limited owner participation. Potential to purchase real estate.
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