Desirable Seattle Location Profitable Restaurant

Seattle, WA (King County)

Seller Financing Available
Desirable Seattle Location Profitable Restaurant
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Asking Price: Get Financing: $250,000

Cash Flow: N/A

Gross Revenue: $550,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $6,500 /Month

Established: 2012

Desirable Seattle Location Profitable Restaurant

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Business Description

Fully equipped restaurant, with type 1 hood that seats 60. Great high traffic location, lots of foot traffic and slow-moving auto traffic. Restaurant sits upstairs with great views of the busy Seattle streets below. It definitely takes fine dining up a notch or two. Very clean set up, restaurant newly remodeled, floor and paint etc... looking good and classy. Currently, an established Asian restaurant fully equipped with a 10-foot type 1 hood in the kitchen so can handle just about any food concept. So new owner can have the freedom to do something different if that’s his game plan. Great open floor plan, with 1,714 square feet which lend itself well to all kinds of ideas like live microphone night, karaoke etc… Not a bad seat in the house for the show. This lease is very attractive too as it has lots of time left, it has two 6-year options to renew. Very good signage and visibility, located in a very desirable part of Seattle. Although the seller does little or no marketing or advertising and offers no delivery service, not even a website to tell the world who he is, he still consistently does over half a million in annual sales. Has good lunch sales and even better dinner sales. Sells beer but no wine. He says he nets about one hundred seventy thousand a year from this restaurant. Ways to increase the already good sales is to get a website to advertise that you offer catering as there are many, many businesses and work people in this highly congested area there has to be some catering that needs to be catered why not you? If not catering accounts? How about delivery? Delivery for food has never been easier as there are so many food delivery companies that will do it for you if you do not want the hassle of doing it yourself. Perhaps this would make a good breakfast place as well, lots of foot traffic. This has a very friendly, quiet neighborhood feel to this restaurant. Seller wants to retire so he is willing to consider all reasonable offers. Really if you are looking for a restaurant in a good location that has a good set up that is making good bank then you should check out this one because it is all good.

Detailed Information

Real Estate:
Leased
Building SF:
1,714
Lease Expiration:
8/29/2024
Employees:
8
Facilities:
Monthly lease is $6,500 that includes water, garbage, outside maintenance and even restroom cleanup costs. The lease does not expire until 2024. Has a 10-foot Type 1 hood system installed in the kitchen. Square footage is 1,714 with a seating capacity of 60. This restaurant is newly remodeled, new floor and painted throughout. Plenty of street parking available. The restaurant is located on the second floor, there is an elevator or stair access. The restaurant has great window seating to look down on the street below.
Competition:
Ways to increase the already good sales is to get a website (currently there is not one) advertise that you offer catering (catering accounts is not being advertised for) as there is many, many businesses and work people in this highly congested area there has to be some catering that needs to be catered why not you? If not catering accounts? How about delivery? Delivery for food has never been easier as there are so many food delivery companies that will do it for you if you do not want the hassle of doing it yourself. Perhaps this would make a good breakfast place as well, lots of foot traffic. This has a very friendly, quiet neighborhood feel to this restaurant.
Growth & Expansion:
Ways to increase the already good sales is to get a website (currently there is not one) advertise that you offer catering (catering accounts is not being advertised for) as there is many, many businesses and work people in this highly congested area there has to be some catering that needs to be catered why not you? If not catering accounts? How about delivery? Delivery for food has never been easier as there are so many food delivery companies that will do it for you if you do not want the hassle of doing it yourself. Perhaps this would make a good breakfast place as well, lots of foot traffic. This has a very friendly, quiet neighborhood feel to this restaurant.
Financing:
80% down strictly a case by case basis
Support & Training:
2-week training offered but it is negotiable
Reason for Selling:
Owner wants to retire
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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