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#965
Spokane Restaurants For Sale

Huge Full Service Restaurant w/2 Bars & 140 + Space Parking Lot

$375,000
Huge Full Service Restaurant w/2 Bars & 140 + Space Parking Lot
This Listing is Expired
Within 2 years this impresively designed restaurant with great food has seen large growth. The owners have spent a lot of time and money remodeling and restoring the inside of the historic building to it's original condition. A new gourmet pizza station with top of the line equipment was recently added. In addition to the main restaurant dinning area, banquet rooms, and beautiful original bar, there is a separate 2500 sq ft dinning area with a long original bar area perfect for a wine tasting room or wine bar.

There is also the possibility of purchasing the almost 9,000 sq ft registered historical building.

Please select the orange button below to get the name and address of this restaurant and the listing agents contact information.

This is not a Paramount Restaurant Broker, Inc. Listing and Paramount Restaurant Brokers, Inc. assumes no liability for this ad or its content. Add Value Alliance, Inc. is the listing broker and is licensed in Washington State.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Spokane Restaurants For Sale
Lease Term:
9 years remaining + 5 yr option
Total Monthly Rent:
$6,500
Security Deposit:
$19,500

Financials

Last Year's Annual Gross:
$781,000

Operations

Liquor License:
H
# of Full-Time Employees:
3
# of Part-Time Employees:
8
# of Family Employees:
2
Hours Open:
Sunday and Monday 5PM-8PM
Tuesday through Thursday 11AM-9PM
Friday 11AM-Close
Saturday 12PM-Close
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Indoor Seating:
128
Outdoor Seating:
60
# of Parking Spots:
105
Inside Sq. Ft.:
6,250
Outside Sq. Ft.:
2000
Lot Sq. Ft.:
40000
Residential/Office Sq. Ft.:
1000

Highlights

  • Registered Historical Landmark Building in Excellent Condition
  • 4 Separate Business Entrances
  • One bedroom Loft with 3/4 bath upstairs with beautiful view of the city and river
  • Class H liqour license serving beer, wine, and spirits
  • Sellers will Provide 80 hours of training at no additional charge
  • Huge Growth Potential and prior High Volume History
  • Possibility to Expand Operating hours for Additonal Revenue
  • Newly Remodeled and Restored to Original Condition
  • Newly Added Gourmet Pizza Kitchen with State of the Art Appliances
  • 325,000 worth of FF&E and New Leasehold Improvements Included in the Asking Price
  • Possibility to Purchase approximately 9000 sqft Building and Land
  • Great Investment Opportunity for Someone in the Wine Industry

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 39,411
Households 5-mi
2010 Number Of Households 15,013
2010 Persons Per Household 2.49
Median House Value $205,900
Income Per Household $46,605
Businesses 5-mi
2009 Number Of Businesses 1,128
2012 Number Of Employees 27,706
2012 Total Annual Payroll $497,581,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.


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