Location, location, location!
Friday Harbor, WA
| Asking Price: | $199,980 |
| Rent: | $3,850/Month |
| Gross Revenue: | $610,558 |
| Established Year: | 2017 |
Listing ID: 2298973Listing provided by BizBuySell
BUSINESS DESCRIPTION
Thriving Restaurant on San Juan Island.
Tina's Place is a thriving breakfast and lunch restaurant right next to the Friday Harbor ferry landing. Adorable diner vibe with outdoor seating and views of the water. Revenue doubled from 2021 to 2022 and has continued to go up since then. Amazing opportunity to expand to 7 days a week and/or evening hours for dinner. 8 year lease in place.
DETAILED INFORMATION
Location
Friday Harbor, WA
Inventory
Not Included in asking price
Real Estate
Leased
Lease Expiration
01/01/2032
Employees
5
Competition
SJ County's population growth is higher than other nearby counties, such as King and Island Counties, which have seen a decrease since 2020. San Juan County's population growth is also faster than the state's overall population growth, which was 14.5% from 2011 to 2021.
In 2022, the San Juan Islands had 506,953 unique visitors and 1,698,430 total trips. Tourism is a major economic driver, second only to construction in terms of job creation and tax revenue. In 2019, visitors spent over $236 million in the county, and tourism supported over 1,655 jobs.
Growth & Expansion
We are currently only open five days a week for breakfast/lunch. There is tremendous opportunity to expand to seven days a week, and offer evening dining, to increase revenue. Post COVID, the number of breakfast restaurants in Friday Harbor has dropped to just us and one other, which is located on Spring Street. We benefit greatly from being just above the ferry landing, and the 'captive' customers waiting for their ferry.
Reason for Selling
Owner is relocating.
BUSINESS LOCATION
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