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Established Restaurant-Try 50% down

Silverdale, WA (Kitsap County)

Seller Financing Available
Established Restaurant-Try 50% down
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Asking Price: $180,000

Cash Flow: N/A

Gross Revenue: $250,000

EBITDA: $65,000

FF&E: $30,000

Inventory: $5,000*

Rent: $3,715 /Month

Established: 2004

*not included in asking price.

Established Restaurant-Try 50% down

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Business Description

May finance with as little as 50% down
Perfect Family Business!
The Business: • The business is a regional Mediterranean restaurant located in Silverdale, Washington. • The business serves all of the surrounding areas of Silverdale, Wa. near the shores of Puget Sound. • The business employees the owner and 6-7 part time people. • The business has been established over 25 years. • The restaurant seats 60 people and has a full liquor license. • The company has created a business that exceeds $250,000 in gross revenue.

The Transaction: • The Buyer has the opportunity to purchase the assets of the company and the goodwill and brand established. • The total asking price is $180,000. FF&E value is approx. $30,000 and current inventory is approximately $5.000. • The owner has reached retirement age and wishes to sell the business. • The business currently is managed by the owner. • The owner is willing to assist in a smooth transition including all training required.

Detailed Information

Location:
Silverdale, WA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully finished 2300 square feet restaurant seating 60
Competition:
Minimal to no local competition for this venue
Growth & Expansion:
New 700 home community being built blocks away-$500,000 homes and up! Within a couple blocks of 9 story medical hospital and a Costco. 10 Minutes from the ship yard employing 14,000 people.
Financing:
Possible Partial
Support & Training:
owner will assist with transition
Reason for Selling:
retirement
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Tom Lutes

Business Listed By:
Tom Lutes

E-Biz Brokerage

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