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Listing Details for 218 Main Street E, Soap Lake, WA 98851

MLS #: 2336380

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Property Photo MLS #: 2336380
218 Main Street E, Soap Lake, WA 98851
Listing Number:   2336380
Listing Price:   $750,000
Type of Business:   Food & Beverage
Business Name   La Cucina di Sophia

Katz Realty, Inc.
509-725-1701
Courtesy:   Keller Williams Columbia Basin
-= Business Details =-
Type of Business:   Food & Beverage
Business Name:   La Cucina di Sophia
Location:   Free Standing
Licenses:   Alcohol
Year Established:   2018
Years Current Owner in Business:   6
Number of Employees:   6
Hours of Operation:   Variable
Signage Stays:   Yes
-= Property Details =-
Building
Building Condition:   Good

Parking
Total Uncovered Parking:   4
-= Financial Information =-
Expenses
Annual Expenses:   $380,000
Annual Rent:   $18,600

Income
Annual Gross Sales:   $700,000
Net Proceeds:   $300,000

Building
Equipment Value:   $220,000
Goodwill Value:   $350,000
Inventory Value:   $40,000
-= Location Information =-
Address:   218 Main Street E, Soap Lake, WA 98851
City:   Soap Lake
State:   
Zip Code:   98851
Community Name:   $Soap Lake
Latitude:   47.39029200
Longitude:   -119.48666100
Driving Directions:   Heading north on Hwy 17/Daisy into Soap Lake, turn left at Main Ave.
-= Assessor Information =-
County:   Grant
Tax Number:   080482000
-= Purchase Information =-
Listing Price:   $750,000
Potential Terms:   Cash Out, Owner Financing, See Remarks
Potential Lease Terms:   3-5 Years
3rd Party Approval Required:   None
Possession Allowed:   Closing, See Remarks
Preliminary Title Ordered:   No
-= MLS Listing Details =-
Listing Number:   2336380
Listing Status:   Active
Listing Office:   Keller Williams Columbia Basin
Listing Date:   2025-02-18
Original Listing Price:   $1,300,000
MLS Area:   North Central Grant County
Marketing Remarks:   Low overhead = High Profit. SBA APPROVED FINANCING in place + owner financing/partnering available for one of Central Washington’s culinary landmarks with a loyal customer base. Featuring Italian-Brazilian fusion cuisine cooked in a custom made wood-fired oven, patrons come from afar to partake of exquisite pizza’s, steaks & other mouthwatering dishes. Owner is ready to retire & hand over the reins of this turnkey, highly profitable operation. Revenue has substantial growth potential due to currently limited hours of operation & no take out. Outdoor patio, established in 2018. All equipment included. Assignable NNN lease with favorable terms on 1, 450 SF building located in heart Soap Lake, a famous tourist town. Motivated seller.
-= Multiple Listing Service =-
-= Disclaimer =-
The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.
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