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: 5/22/2018

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
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Coeur d'Alene Traders Club nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.