Lakebay Restaurant & Real Estate on Key Penninsula

Lakebay, WA (Pierce County)

Lakebay Restaurant & Real Estate on Key Penninsula
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Asking Price: $495,000

Cash Flow: N/A

Gross Revenue: $595,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 1993

Lakebay Restaurant & Real Estate on Key Penninsula

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Business Description

Lakebay Restaurant & Real Estate on Key Penninsula

Lulu’s Home Port Restaurant & Lounge is a 2,100 sq. foot restaurant and bar located on nearly a half of acre right on the Key Peninsula Hwy. The location has a family friendly restaurant that is supported by a well-equipped kitchen on one side and the bar is on the other side of the building with both having their own separate entrances. There is a large back yard right off the bar with a smoking area and room for picnic tables to move the fun outside during the nice weather. Lulu’s has been in business for 27 years and has a strong following as the yearly sales of nearly $600,000 show. The building has a brand-new septic system at the cost of $50,000, and a new roof installed all within the past year. Lulu is retiring and this is the perfect opportunity for an owner operator to get a turnkey restaurant and lounge with real estate in a growing and beautiful part of Washington State.

Detailed Information

Location:
Lakebay, WA
Real Estate:
Owned
Included in asking price
Building SF:
2,130
Employees:
3FTE/4PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Premise size is 2,130sf with seating capacity for 80 and ample parking.
Support & Training:
Training to be provided.
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Tom O'Brien

Business Listed By:
Tom O{Brien

Pacific Commercial Brokers

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