!!! Iconic Capitol Hill Bar/Restaurant !!! First time on Market!!

Seattle, WA (King County)

!!! Iconic Capitol Hill Bar/Restaurant !!! First time on Market!!
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Asking Price: $495,000

Cash Flow: $120,000

Gross Revenue: $1,690,000

EBITDA: $120,000

FF&E: N/A

Inventory: N/A

Rent: $9,544 /Month

Established: 1985

!!! Iconic Capitol Hill Bar/Restaurant !!! First time on Market!!

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Business Description

!!! Capitol Hill Restaurant/Bar!!! Seattle Institution with 30+ year history!!

Seattle Institution with 30+ year history!! First time on
market! Exceptional high traffic/high profile location. 60+ feet of windows and storefront in older character filled building. Large bar, no deferred maintenance, and 2,000+sf of additional storage space. Hurry, this is a rare opportunity to acquire a Seattle Restaurant Institution with a premiere location in one of Seattle’s busiest and highest density neighborhoods!!

Detailed Information

Location:
Seattle, WA
Real Estate:
Leased
Building SF:
3,949
Lease Expiration:
3/31/2028
Employees:
24
Facilities:
Well maintained equipment package, large bar, and 2,000+ SF of additional storage included in rent! So effectively a 6,000+/- sf restaurant!
Competition:
This restaurant occupies one of the best locations in one of Seattle's highest foot traffic and highest density neighborhoods. It is a growing are and near new light rail station, but also easy walking distance to high end residential neighborhood.
Growth & Expansion:
New owner with fresh ideas can grow this business to next level!!
Reason for Selling:
Pursue other interests
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Contact the Seller

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Mark Hesch

Business Listed By:
Mark Hesch

Hesch & Shain Commercial Real Estate

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