Address Map

Country : USA

State : Washington

County : Jefferson

City : Port Townsend

Zipcode : 98368

Street : Taylor Street

Street Number : 237

Longitude : E5° 14' 43.7''

Latitude : N7° 36' 54.1''

Additional Information

Agent Name : Mark Hesch

ListAgentMlsId : 8944

ListOfficeMlsId : 999910

Property Name : Silverwater – A Port Townsend Icon

Market Area : Jefferson County

Company Zip : 98402

Company State : WA

Company City : Tacoma

Company Address : 221 S 28th St., Ste 103

# of Full Time Employees : 8

# of Part Time Employees : 11

Selling Office Commission : 5

All Cash : Yes

Assignable : Yes

Beer/Wine License : Yes

Class H License : Yes

Commission Exclusions : Yes

Excluded Items : No

Expense Includes Owner Salary : No

Fixtures Equipment : Yes

Gambling License : Unknown

Includes Living Quarters : No

Inventory Included : No

Lease Expiration Date : 12/31/2028 12:00:00 AM

Leaseable Square Feet : 4008

Net Profit : 1660332

No Special License : Unknown

Operating Information : Unknown

Ownership Type : S Corp

Phone System Included : Yes

Professional License : Unknown

Profit/Loss Years Avaliable : 3

Real Property : No

Reason for Selling : After 34+ years, time to retire!

Renewal Option : Yes

Seating : 110

Seller Terms : Yes

TradeName : Yes

Use Discretion : No

Year to Date Statement Available : Yes

Yearly Operating Expense : 1

Yearly Operating Income : 1660333

extra_data/Asset Class : Food and Beverage

Property Description

Olympic Peninsula in Washington State!!!! This business has been in operation for 34+ years in the main part of tourist driven town on the shores of Puget Sound. Long history of strong sales and profits, this restaurant was grossing near $2,000,000.00 pre-Covid. Numbers are now climbing back and should regain those levels soon. Restaurant includes full kitchen, separate bar/lounge area, lots of windows, and a new long-term lease!<br /><br />This business is ideal for anyone looking to escape the big city and escape to a smaller waterfront town where the people know your name!<br /><br />Also, if you would like to be your own landlord, the real estate is available for strong buyer!!