Landmark Steakhouse & Sports Bar With Real Estate For Sale

Business description

This steakhouse and Sports Bar is a landmark destination for the people and tourists of Moses Lake. It has been operational since 1950 and the current owners have owned it for 24 years. They are currently not operating the business on a day to day basis and due to health issues must sell it. The purchase price includes the business, land and building as a package. The business has steadily increased its gross sales every year and last year from 2007 to 2008 it climbed 25% in revenue. This is almost a recession proof business. The area is growing rapidly with the addition of Microsoft and Genie Industries, along with the strong agricultural base and strong tourism from this being the portal to the Wine Country. The building is 4800 sq ft with seating for over 150 customers and parking for over 75 cars. . There are pool tables, shuffle boards, dart games, video games, pull tabs, big screen TV's, etc. The kitchen is a full service kitchen with hood, grill, & deep fat fryer. There is a Class H full service liquor license and pull tabs. The building is in excellent shape. The owner has been very active in the local community and has established many loyal customers. This is a central meeting place for breakfast, lunch and dinner for the locals. Live, work and enjoy a dynamic area while making a great living.

Property information

Real Estate:

Real Property Included

Location:

This is prime real estate property and business location right in the heart of downtown Moses Lake on the main street

Premises details:

The Purchase price includes the building and land. The building is 4,800 sq ft and sits on 15,000 sq ft of land in the heart of downtown Moses Lake. The business and building are a landmark destination in Moses Lake. The Steakhouse and Sports bar seats over 150 customers and has parking for over 75 cars. There are pool tables, shuffle boards, dart games, video games, pull tabs, big screen TV’s, etc. The kitchen is a full service kitchen with hood, grill, & deep fat fryer. The building is in excellent shape.

Size in square feet:

15,000

Other information

Expansion potential:

The business has increased its gross revenues by 25% from 2007 to 2008. This area is a fast growing area with both the presence of Microsoft and Genie Industries. It is also the gateway portal for the Wine Country. This is an almost recession proof area. Enjoy the beauty and great weather of the area while making a great living. The current owner, due to health has not been operating the business on a day to day basis and the business could grow even more with an owner / operator. The business currently has pull tabs but needs to add Pull Tab Wizard to maximize the profits. The prices on the food have not been raised in many years so that could be changed by the new owner. This business primarily caters to the local clients; however, the new owner could put up a web site and attract some of the tourists who come to the area, especially in the summer.

Competition / Market:

There are other restaurants and lounges in town but this one has been operational since 1950 and is a landmark in Moses Lake. The current owner has owned it for 24 years and has been very active in the local community and built up a very loyal clientele. It is a very popular place for breakfast, lunch and a casual dinner.

Support & training:

The Seller will provide 2 weeks of on site training on the day to day operation of the business.

Reasons for selling:

The Seller is absentee and is retiring due to health issues

Trading hours:

6AM - Midnight (Sun-Thu) 6AM-2AM (Fri-Sat)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$25,000