Downtown Restaurant – Must Sell ASAP - Steal

Seattle, WA (King County)

Downtown Restaurant – Must Sell ASAP - Steal

Asking Price:$49,950

Cash Flow:N/A

Gross Revenue:$299,962

EBITDA:N/A

FF&E:$40,000

Inventory:$3,000*

Rate/Sq. Ft.:N/A

Established:2007

*not included in asking price.

Downtown Restaurant – Must Sell ASAP - Steal

Get Financing Save Print Share Valuation Report

Business Description

The absentee Owner needs an immediate sale of this outstanding restaurant location. He currently is involved in too many other businesses. Located close to Fisher Plaza and the Space Needle this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The current business opened in July of 2007. The owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed in an onsite owner operator who will manage the business on a day by day basis and provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened and that would greatly increase the traffic and the volume of the business. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits. Due to the type of community this business is in it would also help to have an owner that is involved in the community and local activities of the area. The area around this business is exploding with growth, both residentially and commercially, and this will be a goldmine for an astute owner operator.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,421
Lease Expiration:
5/31/2021
Employees:
1 FT / 3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business has an outstanding location close to Fisher Plaza and the Space Needle with a high volume traffic flow. The business opened in July of 2007 and everything is in like new condition. The facility is 1421 sq feet and seats about 30 and has all the amenities to make this a top producing location. There is a long term lease in place that runs till 5/31/2021 and has 5 year option to extend the term. The base rent is $2,734 per month plus NNN charges of $916 per month.
Competition:
There are other fast food operations in the area, however, this location is very well situated close to Fisher Plaza and the Space Needle and has great visibility
Growth & Expansion:
The current owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed is an onsite owner operator who will provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits of this business. The demographics of this area make this a prime site.
Support & Training:
The Owner is Absentee and cannot manage the day to day operation of the business
Reason for Selling:
The Owner is Absentee and cannot manage the day to day operation of the business

Listing Statistics for Premium Members

Ad#:1316587 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

KR Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Extreme Pizza

Franchise Opportunity
Capital Required: $214,200