Neighborhood S. King County Bar & Grill, Semi Absentee Owned!

For Sale in Renton, WA

Listing ID: 31861-915119 | Broker Listing ID:

Financial & Assets Details

Revenues: $740,721

Cash Flow: $26,169

FF&E: $50,000

Inventory: $2,500

Inventory Inc. in Price: Yes

Square Feet: 2300+/-

About the Business

Year Established: 2017

Employees: 7 F/T 4 P/T

Lease Amount: $3,090

Seller Financing: Yes

Business Description

After a life as a landlord this business owner decided to take a space and
fill a community need for a local Pub and Grill. The locals love the beer
selection, great food and fun environment. This business has the makings
of a staple in the community as a local favorite bar and grill right in your
backyard.

Sales continue to increase year over year, with only a two year track record
the business broke even in 2017 regarding discretionary earnings. The
current owner is learning the industry and working with advisors to continue
to improve the portion control, staff, management structure, and long term
success of this restaurant. Buyer will get the benefit of a well oiled machine
ready to continue growth, and profitable from day 1.

The buyer will also stand to benefit from the semi absentee nature of the
current ownership. Current owner only works about 15 hours a week after
outsourcing bookkeeping to a bookkeeper. His focus is now empowering
management, finances and reporting, and continuing to improve
profitability. This local joint is turning into a fan favorite, in an area with city
development and improvement bringing more residents, higher quality
clientele, and has the roots set to become a community staple!

Growth & Expansion

- Continued focus on portion control and management
- Quality control of food and staff to reduce
- Natural growth coming with residential developments down the street
- Improving area, and improving demographics

Seller Financing

Seller financing available for qualified buyers, terms to be negotiated based on buyer experience and financials.

Market Competition:

- Semi-absentee ownership, owning ONLY working 15 hours/week
- Growing area with city planned improvements (sunset Blvd)
- New restaurant growing sales, improving operations monthly
- Building systems for absentee ownership ability
- Profitability increasing after improvements in portion control, and
staff management
- Lease expires 2020 with 4X 5-Year options!