New Restaurant Listing

Business Opportunity for Sale
Catylist Listing ID: 29660307
Property Subtypes: Food and Beverage
Building Size (RSF): 3,750 SF
Sale Price: $1,200,000
Name of Establishment: SARGENTS
Year Business Established: 1955
Gross Revenue: $700,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash
Last Updated: 11/16/2017

Overview / Comments

SARGENT'S has been an iconic restaurant in North Idaho for 60 years. Located on a 28,000 sf corner lot in the center of Hayden's business district, SARGENT'S is a 3,750 sf restaurant serving lunch & dinner 6 nights a week. SARGENT'S has full liquor license and operates a lounge and dining room specializing in hand cut steaks. Current value of a full liquor license in Hayden is $150,000. Annual revenue could be increased through aggressive marketing and opening on Sundays.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Industry Segment: Restaurants
Reason for Selling: Health issues within the ownership
Value of Inventory Included ($): $8,000
Value of Furniture, Fixtures, and Equipment ($): $70,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $785,000
Employee/Labor Description: Most of the employees have been @ SARGENT'S for many years and are responsible for the loyal customer base.
Mgmt/Training Support Description: Seller would consider staying on for a limited period od time to train a buyer.
Competition/Market Description: SARGENT'S is unique to Hayden and the immediate surrounding area which accounts for its loyal customer base.
Growth/Expansion Opportunities: SARGENT'S has the potential for significant growth through aggressive marketing and opening on Sundays. Current volume reflects the loyal customer base.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,128 36,416 70,694
Median Age: 42.52 37.96 38.58
Households: 3,334 14,113 27,966
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