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Long Established Thurston Eatery with Real Estate-Semi Absentee

Thurston County, WA

Seller Financing Available
pancake
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Asking Price: $1,050,000

Cash Flow: $162,696

Gross Revenue: $969,168

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $750,000

Established: 1995

Long Established Thurston Eatery with Real Estate-Semi Absentee

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Business Description

Since 1995 this iconic, well known Thurston County eatery has been serving up delicious comfort food to hungry locals and travelers alike. After so many years, the Seller is looking to retire and pass their legacy on to a new, energetic buyer. The facility is located right off of a major transportation corridor that is experiencing major development that has the potential to draw a high traffic volume. They've developed an excellent team of employees and are now running the restaurant in a semi absentee manner. Leads handle deposits, client relations and the like while the Seller maintains the books and property landscaping. Prime commercial real estate of 1.2 acres is included in this incredible offering. The business is paying a triple net lease of about four thousand per month and is included in the cash flow calculation. There is potential for growth by utilizing technology, working more in the business or further developing the dinner market. If you are looking for a great opportunity that includes a cash flowing business as well as cash flowing real estate, this might be the opportunity for you. Inquire today!

Detailed Information

Location:
Thurston County, WA
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
18
Facilities:
1.2 acre lot of real estate is included in the transaction. The restaurant operates out of approximately 2400 sq ft with ample facilities for dining, kitchen, baking and dishwashing area. With a capacity of 125 patrons, this is a busy eatery and being located right off of a major transportation corridor helps.
Competition:
This restaurant serves all of Thurston, Mason and Lewis counties. Locals and tourists alike. There is significant development happening around the restaurant which should serve to help drive more traffic in the near future. Also, they have very little competition in the area.
Growth & Expansion:
Having been open since 1995 has helped this business earn a reputation for great tasting food and excellent service. Growth could happen with serving liquor to enhance the dinner business as well as taking full advantage of the robust development happening all around the facility. Better utilization of technology and/or the Buyer spending time in the establishment.
Financing:
Seller open to participate in assisting buyer in obtaining an SBA loan
Support & Training:
Seller will train buyer.
Reason for Selling:
Retirement.
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(from currently available funds)
 
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Wes Martin

Business Listed By:
Wes Martin

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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