Neighborhood Bar & Grill (Eastside Location)
Not Disclosed, WA King County
Asking Price:
$795,000
Annual Revenue:
$1,750,000
Request More Information Contact the Seller
- RE: Neighborhood Bar & Grill (Eastside Location)
- Contact: Oliver Kotelnikov
Owner Financing is Available!
The seller will finance a portion of a transaction for a qualified buyer.
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $1,750,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 971135781 | |
| Broker Reference #: | NPK2023 |
Business Overview:
his business is a quintessential American diner and a landmark neighborhood eating and drinking establishment.The business is known for traditional staples of hospitality of great food made from high quality ingredients, attentive and personable customer service, and a warm friends & family atmosphere. The excellence of the overall guest experience is well reviewed in the public domain. The restaurant enjoys an established reputation as a community gathering spot and has been thriving for multiple decades of continuous operations in the original location.
The business serves breakfast, lunch, and dinner seven days a week and is a destination venue for local game day parties and sports viewing events. The business is demonstrating consistent year over year growth in sales volume and profitability, completing a record year in 2022 and up over 20% in topline revenue compared to 2021. Sales remain strong in Q1 of 2023 outperforming 2022 year-to-date by 14%.
The restaurant is in a fantastic location with excellent street visibility, easy access from multiple main arterials, and dedicated on-site parking. The business operates out of approximately 3000 square feet of space and offers indoor and outdoor seating, bar service and to go orders. The business is fully staffed. The team consists of 20 full & part-time employees with tenured staff members in managerial and supervisory positions overseeing back and front of house operations. Ownership contributes an estimated 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 Leased.
- 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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