Details

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.
Listing includes Equipment of $75,000 and $1,000,000 valued in Retail Inventory .

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.