UA-80109592-1

Profitable Waterfront Restaurant Nets $197k Open 5 Months a Year

Listing Number: 6401-595831

Description

One of a kind water front Seafood restaurant ideally located on a beautiful island & premium cruise ship destination. Open only 5 months out of the year (May-Sept) from 10am to 3pm Mon-Thurs. & 10-8 Fri-Sat and serving 400 plus covers a day during this time. The Cruise Industry currently brings more than 1.2 million visitors per year. The restaurant is beautifully renovated in a warm yet contemporary vibe with an open atmosphere. The dining room seats 57, plus the bar serving beer & wine and there's additional seating for 30 on the waterfront patio. The location can't be beat, it is next to the biggest tourist attraction on the island and also at the entrance to a unique and sought shopping enclave which is also owned by the landlord. Sales are phenomenal and now that the MEGA cruise ships have been approved for the port, more docks are under construction. Est. 13 years. Real estate is available for sale for $630k. Tremendous upside potential, contact agent for these details.

Listing Details

  • Price: $569,000
  • Down Payment: $275,000
  • Sellers Discretionary Earnings: $197,900
  • Total Sales: $826,065
  • Location: Ketchikan Gateway, Alaska

  • Inventory: $15,000
  • FF&E: $176,335
  • Employees: 10
  • Year Established: 2006
  • Reason for Selling: Owns another business
  • Category: Restaurants
Profitable Waterfront Restaurant Nets $197k Open 5 Months a Year

Business Listed By:

Max Crescenzi