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Rare business opportunity!

Spokane, WA (Spokane County)

Rare business opportunity!
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Asking Price: $1,585,000

Cash Flow: $400,000

Gross Revenue: $2,300,000

EBITDA: $220,000

FF&E: N/A

Inventory: $52,000*

Established: 1998

*not included in asking price.

Rare business opportunity!

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Business Description

Iconic Downtown Restaurant. This is your opportunity to take over an extremely popular and well-known name in Spokane’s downtown core with a successful 20-year history. The restaurant has a friendly atmosphere with American food served for breakfast, lunch and dinner. Late night hours feature pub revenues into early morning.

Seating capacity is 175 with 70% food revenue and 30% alcohol. Seller has reduced their roll over the last few years and is ready to retire. This is a turnkey operation ready for either an experience or budding restaurateur to assume the ownership and continue the rich history of the business into the future.

This restaurant has won multiple ‘Best of Spokane’ awards from the Inlander magazine and has a loyal customer base. Close to downtown hotel’s and the entertainment district so it also attracts frequent walk-in first time customers as well.

Landlord is willing to extend the lease for a qualified buyer.

Detailed Information

Location:
Spokane, WA
Inventory:
Not included in asking price
Employees:
40
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Greg Kelly

Business Listed By:
Greg Kelly

Griffiths, Dreher & Evans, PS, CPAs

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Sponsoring Broker:
Thomas Griffiths

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