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Winery And Restaurant W/strong Profits And Future! (17776) For Sale

Northern Puget Sound, Washington, US
Asking Price:
$875,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$298,767
Cash Flow:
$85,984

Situated in the Desirable Northern Puget Sound of Washington, this listing is a high-end bistro providing curated cuisine dining & unique wine tasting. Boasting 5-star reviews for their gourmet dishes with locally sourced herbs, vegetables and quality ingredients, the business also offers take-out meals, in-house and patio dining, wine tasting events and catering. Aesthetically pleasing facility measures nearly 6,000 square feet and features outdoor dining and small event areas including 900 sq. ft. of covered patios. Currently holding a renewable tenancy with optional separate purchase, this easily visible location caters to a multitude of different audiences and includes plenty of expansion capacities. Only selling to a handful of retailers due to last year’s recession, development opportunities exist by expanding wholesale presence. In addition, new ownership would do well by obtaining a full liquor license and increasing on-site events to take advantage of business networks and relationships. With events already planned for 2022, buyers could focus on increasing income with more social events and catering as well. Thanks to a reliable and experienced personnel of nine nonunion employees likely to remain post-sale to continue streamlined operations. Seller offers a smooth transitioning period up to twelve months. Self-promoted through a powerful social media presence with thousands of followers, marketing efforts also use print ads, emails and effective referrals from recurring client base. As covid-19 regulations lift, sales over $1 Million are anticipated for future years with 2021 projecting $400,000 and $142,000 of SDE with limited operations. Total Revenues for 2020 reached $298,767 while maintaining strong Seller Discretionary Earnings of $85,984.

Property Information

Real Estate:

Lease

Size in square feet:
6,000+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

N/A

Employees:
9 nonunion.
Years established:
2003

Other Information

Support & training:

Smooth Owner Transition Period of up to 12 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$75,000 - included in the asking price
Inventory / Stock value:
$1,000,000 - included in the asking price

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