Address Map

Country : USA

State : Washington

County : Snohomish

City : Everett

Zipcode : 98201

Street : Broadway

Street Number : 3121

Longitude : W123° 47' 56.1''

Latitude : N47° 58' 32.7''

Additional Information

Agent Name : Mark Peizer

ListAgentMlsId : 8654

ListOfficeMlsId : 1004709

Property Name : Buzz Inn Steakhouse

Market Area : All Snohomish County

Company Zip : 98074

Company State : WA

Company City : Sammamish

Company Address : 121 Windsor Dr. S.E.

# of Full Time Employees : 9

# of Owners : 3

# of Part Time Employees : 39

Selling Office Commission : 4.00%

All Cash : No

Assignable : Yes

Balance Sheet Years Avaliable : 3

Beer/Wine License : Yes

Class H License : Yes

Commission Exclusions : No

Current Owner Years : 9

Excluded Items : No

Expense Includes Owner Salary : No

Fixtures Equipment : Yes

Fixtures Equipment Detail : 75000

Gambling License : Yes

Includes Living Quarters : No

Inventory Included : No

Leaseable Square Feet : 8775

Member Comments : Real Estate is also available for $2,400,000. Ple

Monthly Rent : 7700

Net Profit : 100000

No Special License : Unknown

Operating Information : Proforma

Owner Hours : 0

Ownership Type : Corporation

Parking Total : 50

Phone System Included : No

Professional License : Unknown

Profit/Loss Years Avaliable : 3

Real Property : Yes

Reason for Selling : Retirement

Renewal Option : Yes

Schedule C Years : 3

Seating : 250

Seller Terms : Yes

TradeName : No

Use Discretion : Yes

Year to Date Statement Available : Yes

Yearly Operating Expense : 2348237

Yearly Operating Income : 2448237

extra_data/Asset Class : Food and Beverage

Property Description

One of the largest restaurants in Everett, the Buzz Inn Steakhouse is strategically located in the heart of downtown Everett within walking distance to the Courthouse, Angel of the Wins Areana and easy access to Interstate 5. Formerly Petosa’s and Alligator Soul, current Owner extensively remodeled building with capital expenditure of $600,000. Beyond interior/cosmetic updates, some of the other features include a remote control security gate off of alley and 3 new HVAC units on the roof. Current operations include three (3) meals, lounge & gambling (38 pull tabs games & 3 poker games 2 times per week). Operating Hours are 6:00 AM to 10:00 PM (Sunday close at 9:00 PM). Buyer must change name so as not to be confused to the ownership of the other ten (10) Buzz Inn Steakhouse locations.