Rathdrum Restaurant

Business Opportunity for Sale
Catylist Listing ID: 29660745
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $1,400,000
Name of Establishment: O'Malley's
Year Business Established: 1998
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash
Last Updated: 5/22/2018

Overview / Comments

O'Malley's Sports Pub & Grill is located on approx. 2 acres (2 one acre parcels) on Highway 53 in Rathdrum, ID. The building of approx. 6,000 sf with areas for a bar, dining, games and pool tables was built in 1998 and expanded & upgraded in 2002. There are 30 TV's throughout for viewing sporting events. A covered patio in the rear offers a place for outdoor dining and smoking. Rathdrum is at the cross roads of Highways 41 &53 connecting the communities of Post Falls, Twin Lakes, Spirit Lake, Spokane and Couer d Alene.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Industry Segment: Restaurants
Reason for Selling: Health issues within the ownership requires an immediate sale
Value of Inventory Included ($): $9,000
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $516,000
Employee/Labor Description: Most of the employees have been there for several years and would likely remain when business is sold.
Mgmt/Training Support Description: Sellers would offer to train buyer for a limited period of time
Competition/Market Description: O'Malley's is the largest and nicest casual dining facility in Rathdrum. few years and that growth is expected to continue.
Growth/Expansion Opportunities: The 2 acres is more than adequate for parking required at O'Malley's. A second building could be added and leased for additional revenue.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,415 19,846
Median Age: 35.08 37.35
Households: 2,255 7,265
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