Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$120,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2006
FF&E	$50,000*	Employees	2 ft 6 pt

* included in the asking price

** not included in the asking price

What a great opportunity to start a new restaurant or open a second location in an established facility in down town Edmonds. The Seller is moving his operation to a larger location in Edmonds and will keep the name of the restaruant. This allows you to bring your own specialty to town. The seller wishes to make this a speedy move and will be very negotiable with terms. The turn-key package with all furnishings is $120,000 with $50,000 down and seller carries the note for the balance OR $80,000 without the Furniture, fixtures and equipment with $20,000 down and seller carries the balance. Give me a call today to discuss this opportunity to locate in Edmonds by the bay.

Facilities: Very attractive 3200 Square Feet with lots of windows. Fire place sets in the middle of the swept wing layout. Includes a bar section, intimate, but not closed in. Sale includes all Furniture, Fixtures and Equipment which includes all kitchen equipment and Hood. Condition of equipment in very good shape. Most items are only 2 years old. Four years remaining on a 5 year lease with an option for 5 years more. Lease runs about $5600 per month including NNN/CAM.

Competition: The location is close to the Edmonds Ferry landing and is surrounded with an office complex and a hotel. The hotel and offices are a steady source of business.The business is currently a Mexican food reataurant and has been there 2 years out of five years the owner has been in business. Owner will keep the name of the restaurant in the move. The decision is yours as to the type of food service you wish to provide.

Growth/Expansion: The city of Edmonds is in a growth mode with new families moving in and new Condos going up. It is a sea side village feel that brings visitors in to shop and eat and walk the boardwalk. Good food and service is essential in any food establishment to be successful paired with some creative marketing.

Support/Training: Seller will provide 1 week training to facilitate a smooth transition.

Reason Selling: Moving to a larger location.