The Racks Restaurant/Dillingham, Alaska

Price: $599,000

Location: Dillingham, Alaska

Industry: Restaurant

Super opportunity to take over a beautiful, newly built and well laid out restaurant ”The Rack” is located close to the Dillingham airport. This kitchen layout is a Chef’s dream, all stainless steel equipment, walk-in coolers and freezers. Large deck for additional seating and entertaining. The building is 2 levels with an opportunity to expand and add other services. Truly a turn-key operation. If you are wanting a change in life and looking for a remote location in Alaska, then this business is perfect for you. Business is 4.5 stars rated and the best restaurant in Dillingham. People from all over the world fly to Dillingham, Alaska for World Class Fishing and Hunting.

Listing Details

Real Estate: $500,000 (Included in Price)

Reason For Sale:

Retirement

Training & Support:

As negotiated in contract.

Operation

Year Established: 2015

Year of Last Acquisition: 2018

Employees: 4

Location

Type of Location: Remote Fishing Village in the Bristol Bay area.

Square Footage: 3682

Facilities Information:

Two story building that was finished in 2016 and have been operating since completion. Upper level is the restaurant and deck area, with the lower level being used for storage. This area could be completed and expanded for additional room or another business usage. This is a beautiful restaurant located in the Fishing Village of Dillingham, located on the West side of Alaska, Bristol Bay area. Summers are extremely busy with commercial fisherman and sportfishermen, there are very few nice restaurants availabe for dinning with this atmosphere and layout, plus a large deck area with views of the surrounding Mountains.

Summary

Historical Summary:

Owner has spent the last 7 years building this restaurant and has been operating it as an ongoing business for the last 2 years.

Competition:

Very little competion for this style of restaurant in Dillingham, Alaska.This is a beautiful restaurant located in the Fishing Village of Dillingham, located on the West side of Alaska, Bristol Bay area. Summers are extremely busy with commercial fisherman and sportfishermen, there are very few nice restaurants availabe for dinning with this atmosphere and layout, plus a large deck area with views of the surrounding Mountains.

Financing/Terms:

Seller may consider some financing with a qualifed buyer and a good downpayment.