150 Madrone Lane N
Bainbridge Island, WA 98110 WA 98110
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Listing #: 682716 | Status: Available | Last Modified: 8/9/2024 |
- Phone:(206) 949-3420
- Email:kelly@muldrow.net
- Office Name:Windermere Commercial / ERES
- Office Phone:(206) 780-5007
- Office Website:www.windermerecommercial-eres.com
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- Call Listing AgentYes
- Use DiscretionYes
Please call listing agent.
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- Listing Date*6/10/2024 12:00:00 AM
- Last Modified Date8/9/2024 12:17:59 PM
- List Price329000
- Selling Compensation2.5%
- Lease expirationN/A
- Selling ExclusionsYes
- Monthly Rent6445
- Monthly NNN/CAM0
- Equip Rent Mo0
- Type/Name of BusRestaurant Marché
- Hours of Operation
- Days Open
- Year Established2012
- Leasable SF
- # of Parking Available
- Seating Capacity
- Living QuartersNo
- Living Quarters Descr
- Annual Gross Income1142000
- Operating Expenses120000
- Net Profit1022000
- Reason for SaleRetirement
- Real PropNo
- InventoryNo
- Fix & EquipYes
- $130,000
- Bus Phone1
- Trade Name1
- Excl ItemsNo
- PDF Offering Memo
- CBA Flyer
- Building NameProven, Turnkey Location on Bainbridge Island
- CategoryFood and Beverage
- Address150 Madrone Lane
Bainbridge Island, WA 98110, WA 98110 - CountyKitsap
- VicinityWinslow
- Market Area530-Bainbridge Island
- TB Map Grid
- Other Map Page
- Zoning
- Full Time2
- Part Time6
- Data Avail w/OffrYes
- Pft/Loss State #Yrs4
- Balance Sheet
- Schedule C #Yrs3
- YTD Oper StateYes
- All CashYes
- Seller TermYes
- Min Down75%
- Interest
Proven, Turnkey Location on Bainbridge Island
Nestled in the heart of Winslow on Bainbridge Island lies a rare gem—a turnkey restaurant/bar that exudes charm and potential. Established in 2012, Restaurant Marché is a destination for locals and tourists alike. Patrons are greeted by an atmosphere characterized by its Contemporary French American cuisine. An exhibition kitchen, equipped with a wood-fired grill and three type-1 hoods, provides a glimpse into the craftsmanship behind each dish. The intimate cocktail lounge is a cozy alternative for guests to unwind with a crafted libation from the full bar. With seating for 48 indoors and an additional 24 outdoors, there is ample space to enjoy the venue's fresh air and ambiance. This location is perfectly positioned in a hub of mainstay businesses to thrive in a vibrant culinary and local arts ecosystem. Restaurant Marché is surrounded by a diverse array of neighboring restaurants— from the island’s iconic Blackbird Bakery and the traditional Pizzeria Bruciato, to the fresh catch at Proper Fish and the Vietnamese flavors of Ba Sa. The well-known “Farmer’s Market” sign on the side of the Restaurant Marché building leads people to the adjacent Town Square, home of the Saturday Farmer’s Market, the First Friday Arts Walk Moonlight Market, and the newly expanded Buxton Center for Bainbridge Performing Arts. The restaurant’s potential for growth is evident by expanding operating hours and introducing lunch and brunch offerings. The restaurant is currently open four nights a week for dinner. Extensively remodeled for Restaurant Marché, the property encompasses 2,000 square feet of main restaurant space, accompanied by a 700-square-foot storage area and an optional 700-square-foot office. Current monthly rent, inclusive of NNN charges, is $7,145—a highly competitive rate for this coveted location. The Landlord is amenable to negotiating a new 5-year lease with an additional 5- year option, ensuring stability and continuity for prospective operators. This is a rare opportunity for culinary entrepreneurs to step into a well-established venue in a supportive community. With its proven location, versatile layout, and potential for new business, this restaurant can continue to be a cornerstone of Winslow's dining scene for years to come.