Full Service Restaurant Priced Below Equipment Value For Sale

Business description

Intimate and Family dining, in this outstanding full service restaurant, located in the new Stanwood Camano Village. This charming, warm restaurant opened in Nov 2004. The Seller has over $250K invested in the build out with only the finest equipment and fixtures. The restaurant seats 125(intimate inside dining and casual outside dining in the Malls courtyard across from the movie theater), has a 10 Ft hood and grill, lots of prep room, and a huge walk - in freezer and a Class H liquor license. . The current owner lives out – of – State and has no involvement in the day to day operation of the business. There is a huge upside potential to this business for a full time owner/operator. There has been very little to no promotion of the business. This area could easily support a catering program and this restaurant is perfect for large family and business parties. This is a rapidly growing area with the demographics to support and build this business. Priced below equipment value for a quick sale – Seller’s Loss – You’re Gain! This is a Steal!!!

Property information

Real Estate:

Lease

Lease terms:

This charming, warm restaurant opened in Nov 2004. The Seller has over $250K invested in the build out with only the finest equipment and fixtures. The restaurant seats 125(intimate inside dining and casual outside dining in the Malls courtyard across from the movie theater), has a 10 Ft hood and grill, lots of prep room, and a huge walk - in freezer and a Class H liquor license. The base monthly lease payments are $4,425 plus NNN charges of $550 per month. The lease runs till 10/31/2009 and has two 5 year options to extend the term.

Location:

This business is located in the Stanwood Camano Village

Other information

Expansion potential:

There is a huge upside potential to this business for a full time owner/operator. The current owner lives out – of – State and has no involvement in the day to day operation of the business. There has been very little to no promotion of the business. The Landlord provides the Seller with 100 movie Theater tickets per month for promotion and the Seller has not used them to promote the business. This area could easily support a catering program and this restaurant is perfect for large family and business parties. This is a rapidly growing area with the demographics to support and build this business.

Competition / Market:

There is no competition in this or surrounding Malls. This outstanding family restaurant is located in the newest mall in the area and has a great location.

Support & training:

The Seller will provide 2 weeks of on - site training on the day to day operation of the business, preparation of the food items on the menu and introduction to vendors and suppliers.

Reasons for selling:

The Seller lives Out of State and must sell ASAP

Trading hours:

11AM-9PM (Sun-Thu) 11AM-10PM (Fri-Sat)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$10,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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