Destination Bar & Grill (Real Estate Available)
Not Disclosed, WA Not Disclosed
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- RE: Destination Bar & Grill (Real Estate Available)
- Contact: Oliver Kotelnikov
Quick Facts
| Asking Price: | $4,950,000 | |
| Annual Revenue: | $7,600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 979724 | |
| Broker Reference #: | BGR2024 |
Business Overview:
This company is a destination food & beverage establishment. Independently owned and operated for decades, the restaurant is a widely recognized destination for the quintessential Pacific Northwest dining experience in a strategic, popular location. Striking the perfect balance between high volume operations and warm family hospitality, the business caters to a loyal generational client base of locals and visitors. The award-winning menu features many original items, casual dining staples from land and sea, regionally inspired comfort foods, rotating seasonal specials, and a curated selection of local brews, spirits, and paired wine offerings. Through decades, this vibrant, one-of-a-kind family restaurant remains a pillar in the community and the go-to gathering spot where great food is served with a smile, old stories are told with gusto, and new lasting memories are made.
The business is thriving and exhibiting robust year-over-year growth. Factors contributing to success include national and local name recognition, rapid demographic growth in the area, a diversified revenue profile, and a stellar location. The restaurant offers bar, dining room, and patio seating.
Facilities consist of approximately 20,000 square feet of prime real estate. The property is yielding a competitive 7% cap rate on net operating rent income received from the restaurant. The business is sufficiently staffed. An experienced middle management team is in place to oversee the day-to-day operations. Ownership contributes approximately one full time equivalent to the labor of the business in the form of executive oversight.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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