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Listing #: 668938 | Status: Available | Last Modified: 3/18/2025
Showing Instructions | |
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Call Listing Agent | Yes |
Use Discretion | No |
Listing Information | |
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Listing Date* | 1/23/2024 12:00:00 AM |
Last Modified Date | 3/18/2025 8:42:36 AM |
List Price | 300000 |
Selling Compensation | 5 |
Lease expiration | 12/30/2028 |
Selling Exclusions | True |
Business Characteristics | |
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Type/Name of Bus | "Silverwater Cafe" a Port Townsend Icon - 34+ year history |
Days Open | TU - SAT |
Year Established | 1989 |
Leasable SF | 4,008 SF |
Seating Capacity | 110 |
Living Quarters | False |
Operating Information | |
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Annual Gross Income | 1660333 |
Operating Expenses | 1 |
Net Profix | 1660332 |
Reason for Sale | After 34+ years, time to retire! |
Selling Price Includes | |
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Real Prop | False |
Inventory | False |
Fix & Equip | True |
Bus Phone | 1 |
Trade Name | 1 |
Excl Items | False |
Building Information | |
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Building Name | Silverwater – A Port Townsend Icon |
Category | Food and Beverage |
Address | 237 Taylor Street Port Townsend, WA 98368 |
County | Jefferson |
Market Area | 4510-Jefferson County |
# of Employees | |
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Full Time | 8 |
Part Time | 11 |
Documents | |
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Data Avail w/Offer | Yes |
Pft/Loss State #Yrs | 3 |
YTD Offer State | Yes |
Proposed Terms | |
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All Cash | Yes |
Seller Term | Yes |
Arrange all visits thru listing agent
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! 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! Also, if you would like to be your own landlord, the real estate is available for strong buyer!!