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218 Main Ave Soap Lake, WA 98851

Established Italian-Brazilian eatery, high profitability.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional restaurant opportunity in Soap Lake, WA presents a unique chance to acquire a thriving culinary landmark. Located at 218 Main Ave E, this free-standing, 1,450 square foot building boasts an assignable NNN lease with favorable terms. The property includes four on-site parking spaces, plus ample street parking. The restaurant features a custom-made wood-fired oven, an outdoor patio, and all equipment is included in the sale. Known for its Italian-Brazilian fusion cuisine, including exquisite pizzas and steaks, the business enjoys a loyal customer base and has generated gross sales exceeding $650,000 in 2023, with a remarkable 45% profitability. Significant growth potential exists due to currently limited operating hours and the absence of a takeout service (2020 sales were $375,000). A 1,200+ square foot commissary is conveniently located across the street on Highway 17. The property is zoned commercial (APN: 080482000, Grant County) and has been successfully operating since 2018. The current owner is considering a silent partnership arrangement. Detailed financial information is available upon execution of a non-disclosure agreement. This is a truly turnkey operation in a popular tourist destination.

Highlights

  • Thriving Italian-Brazilian fusion restaurant in Soap Lake, WA, generating over $650,000 in gross sales in 2023 with 45% profitability.
  • Turnkey operation including all equipment, inventory, goodwill, and beer & wine license; asking price $1,300,000.
  • 1,450 sq ft free-standing building with four on-site parking spaces and ample street parking; located at 218 Main Ave E.
  • NNN lease with favorable terms; adjacent 1,200+ sq ft commissary across the street.
  • Voted most popular restaurant in Grant County; significant growth potential due to limited hours and lack of takeout.

Property Details for 218 Main Ave

Property type
Restaurants
RSF (Rentable sq. ft)
1,450 SF

Unit(s) available at that property

Space
Size
1,450 SF

Location Insight

City
Soap Lake
County
Grant
State
Washington
Latitude
47.3895576
Longitude
-119.4866932

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FAQs

What type of property is this?
Restaurant - Established Italian-Brazilian eatery, high profitability.
Where is the restaurant located?
The property is located at 218 Main Ave Soap Lake, WA.
What are key features of this property?
This property features: Thriving Italian-Brazilian fusion restaurant in Soap Lake, WA, generating over $650,000 in gross sales in 2023 with 45% profitability.; Turnkey operation including all equipment, inventory, goodwill, and beer & wine license; asking price $1,300,000.; 1,450 sq ft free-standing building with four on-site parking spaces and ample street parking; located at 218 Main Ave E.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Raymond Gravelle
Raymond Gravelle
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Main Ave
Soap Lake, WA 98851

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Soap Lake, WA 98851

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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218 Main Ave
  • Raymond Gravelle
    Raymond Gravelle
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