Full Service Restaurant - Central Washington

Washington
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Asking Price:$1,500,000
Gross Revenue:$2,863,885
FF&E:$134,000
Cash Flow:$512,445
Inventory:$50,275
Established Year:1999
BUSINESS DESCRIPTION

Listed by Trip Advisor as one of the top ten restaurants in the region, this has been a popular family owned and operated fine dining full-service restaurant for over 23 years. This "gem" of a casual fine dining restaurant has an upscale ambience and menu, as well as, a full service bar.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
10,000
Employees
36
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There is over 10,000 square feet of restaurant which includes the kitchen and two banquet rooms. There is ample parking and an additional lot after business hours for overflow in the busy evenings. The building construction is wood and concrete has easy access for persons of all abilities. Lease terms are: 10,000 sq ft at $13,320/month including CAM charges; 3 year’s remaining; with 2 - 5 year options to renew.
Competition
The restaurant ranks in the Top Ten Restaurants by Trip Advisor in the Region beating our most local competition in the casual fine dining category. IBISWorld reports: High Revenue Growth (2018-2023) High Revenue Growth (2023-2028) The restaurant industry was hit by the pandemic and recovered quickly. Social distancing regulations resulted in a drop in sales, which was quickly followed by a jump in revenue, driving the recovery. Both consumers and businesses benefited from the financial support offered by the government during the pandemic. This came
Growth & Expansion
New ownership could hire more wait staff. Opening earlier for breakfast would capture a new clientele as well as a full seven days. Promotional Campaigns for Banquets and Catering.would bring in additional revenues.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
Owner is retiring.
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Claudia
Smith
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Claudia Smith