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Seller Contact Information |
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William Scheck
Las Vegas, Nevada
702-248-5388
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River's Edge Pub & Grill | Listing ID: 20405 |
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| Asking Price: |
$700,000 |
Status: |
Active |
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| Business Type: |
Service / Service - Others
Food and Beverage / Food and Beverage - Others |
Reference #: |
123 |
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| Business Location: |
1011 First Street, Snohomish, Washington, 98290 |
Broker Coop: |
Yes |
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Snohomish County
View Map
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Annual Income Information |
Labor Information |
| Gross Sales: |
$200,000 |
Full-Time Employee: |
6 |
| Cash Flow: |
$75,000 |
Part-Time Employee: |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
Corporation |
Leased SqFt: |
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| Year Established: |
1960 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
4 |
Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
Yes |
Lease Left (# of yrs): |
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| Seating Available(#): |
76 |
Lease Option (# of yrs): |
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| Parking Space(#): |
0 |
Lease Renewable: |
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| Hours of Operation: |
Tuesday - Sunday |
Lease Transferable: |
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| Reason For Sale: |
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Rent Increase: |
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| Seller Training Available: |
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Price Description |
Financial Information |
| Real Estate Included: |
Yes |
Seller Cash Out: |
Yes |
| Real Estate Value: |
$600,000 |
Seller Financing Available: |
No |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$100,000 |
Seller Financing Term(years): |
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| Inventory Included: |
Yes |
Annual Interest Rate: |
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| Inventory Value: |
$5,000 |
Min. Down Requested: |
$35,000 |
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Business Description |
95% SELLER FINANCING RE: PURCHASE TURNKEY PUB & GRILL
Banks are not lending. But, I am! I am ready, willing, and able to help you finance your dreams of owning your own restaurant plus the real estate at a bargain price. Why pay $5,000 to $10,000 a month rent when you can make a mortgage payment for less and completely own your own business and real property with the upside of the appreciation you will secure in both the business and real property. In 5 to 10 years, you will double your investment in both! See the following for details.
Purchase remodeled and updated turnkey key pub and grill, real property, and website [ www.riversedge.bz ] for $700,000 reduced $50,000 from $750.000. We are willing to consider all offers! Do not be shy make an offer!
FEE SIMPLE SPACE: 2 Floors approximately 1,740 square feet [1ST Floor 870 square feet & basement 870 Square feet]. Plus 400 square feet deck overlooking the Snohomish River.
LEASED BAR & ADDITIONAL DINNING SPACE approximately 800 square feet. Leased at $875/month. 5 year lease with 2 years remaining, renewable for an addition 5 years.
Terms
5% down = $35,000
Seller Financing = $665,000 at 7% amortized 30 years. The promissory note is due and payable in 10 years.
Payments principal and interest = $4,424/month.
Closing cost are minimal that is
Escrow cost 50/50 buyer/sell.
Buyer pays for title insurance.
Seller pays transfer taxes.
No loan origination fees.
No credit checks or reports required.
Contact the owner for details and to view the business and property.
William J. Scheck, OWNER
www.finders.cc
wjscheck@vegascitynet.com
SKYPE: william.j.scheck
VOICE & FAX: USA 702-248-5388
CELL: USA 702-539-8504
PS: I can provide financing for all commercial real estate projects that is new acquisitions, refinancing, land purchases, etc., which can be debt and/or equity plus joint ventures. Please contact me for details and see my website www.finders.cc . |
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