Address Map

Country : USA

State : Washington

County : King

City : North Bend

Zipcode : 98045

Street : 1111

Street Number : 1111

Longitude : E0° 0' 0''

Latitude : N0° 0' 0''

Additional Information

Agent Name : Mark Peizer

ListAgentMlsId : 8654

ListOfficeMlsId : 1004709

Property Name : North Bend Restaurant

Market Area : Snoqualmie/N.Bend

Company Zip : 98074

Company State : WA

Company City : Sammamish

Company Address : 121 Windsor Dr. S.E.

# of Full Time Employees : 7

# of Owners : 1

# of Part Time Employees : 3

Selling Office Commission : 4%

All Cash : Yes

Assignable : Yes

Balance Sheet Years Avaliable : 3

Beer/Wine License : Yes

Class H License : Yes

Commission Exclusions : No

Current Owner Years : 6

Excluded Items : No

Expense Includes Owner Salary : Yes

Fixtures Equipment : Yes

Fixtures Equipment Detail : 100000

Gambling License : No

Includes Living Quarters : No

Inventory Included : No

Lease Expiration Date : 5/31/2026 12:00:00 AM

Leaseable Square Feet : 2200

Member Comments : Super friendly Seller to assist Buyer in any way t

Monthly Rent : 3485

Net Profit : 118324

No Special License : Unknown

Operating Hours : 4:00 PM to 9:00 PM

Operating Information : Actual

Owner Hours : 40

Owner Salary : 46952

Ownership Type : Corporation

Parking Total : 4

Phone System Included : Yes

Professional License : Unknown

Profit/Loss Years Avaliable : 3

Real Property : No

Reason for Selling : Retiring

Renewal Option : Yes

Schedule C Years : 3

Seating : 89

Seller Terms : No

TradeName : Yes

Use Discretion : No

Year to Date Statement Available : Yes

Yearly Operating Expense : 636625

Yearly Operating Income : 754949

extra_data/Asset Class : Food and Beverage

Property Description

This is a very popular and well established restaurant with an experienced Owner with over 40 years in the industry. This restaurant is located on a strategic corner in North Bend and includes very favorable lease terms with an Option and modest annual rent escalators of only $100 per year on a “Gross” Lease. Lease also includes a Right of First Refusal to purchase the real estate. Current hours of operation are limited (4:00 to 9:00 PM). However, there are no restrictions to open for breakfast, lunch and weekend brunches which provides opportunity for increased sales. New food faire concepts could also be considered. Off-street and free on-street parking is available. This is a totally a “Turn-Key” operation including a Class ‘H’ Liquor License and enjoying the benefits of a successful operation.