DT Edmonds Full service restaurant, bar, catering kitchen

Edmonds, WA (Snohomish County)

Seller Financing Available
DT Edmonds Full service restaurant, bar, catering kitchen
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Asking Price: $350,000

Cash Flow: $1

Gross Revenue: $811,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $2,750 /Month

Established: 2009

DT Edmonds Full service restaurant, bar, catering kitchen

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Business Description

Rare opportunity to own this Full-Service Rest/Bar DT Edmonds

LOCATION LOCATION LOCATION! Longtime local restaurant with Spirits/Beer/Wine license, seating for 20 inside and exceptional outdoor seating with bonus catering kitchen.
So much potential in this location with detached catering kitchen; possible two separate business in this one location. Lease through 2023, plus two 5-year options with the right of first refusal on the building.
Under Market Rent at $2,750 in this prime area of Edmonds. Cannot emphasize enough the lease value for this location. You could NOT do a build-out for this price nor would you ever find rent this low in this area. *This place is a GEM!
*Potential short-term seller terms possible with minimum of 50% down, dependent on seller’s approval OAC. All interested parties need to sign an NDA.

Detailed Information

Location:
Edmonds, WA
Real Estate:
Leased
Building SF:
882
Lease Expiration:
5/31/2023
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Excellent Lease with right of first refusal. Heart of Downtown Edmonds.
Competition:
Endless Opportunity in an amazing community and NOT located in King Co.
Growth & Expansion:
In the heart of bustling Edmonds, full service restaurant and bar with room for catering expansion.
Financing:
Terms acceptable to seller OAC
Support & Training:
After closing.
Reason for Selling:
Owner has other interests.
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Contact the Seller

(from currently available funds)
 
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Conrad A. Topacio

Business Listed By:
Vantage Commercial Partners

Vantage Commercial Partners

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