Italian Restaurant For Sale in North Seattle

Seattle, WA (King County)

Seller Financing Available
Dining Room and Bar
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Asking Price: $120,000

Cash Flow: N/A

Gross Revenue: $570,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,500 /Month

Established: 2004

Italian Restaurant For Sale in North Seattle

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Business Description

Only $25k down and $2k/mount with no interest

Prime opportunity for hands-on owner to purchase a well-established business in a popular, growing Seattle neighborhood. Open since 2004 and has many loyal, regular customers. Offers Dine In, Take Out, and Delivery. Beer and wine served. Separate banquet room and dine in seating for up to 100 people. 3500 square feet of total space.Lease is $5500 and ends 2022 with the option to renew for another 5 years.Fully equipped kitchen, with double stack pizza ovens, stoves, fryer, grill, and 3 make lines. Large walk-in and a double door freezer.

Seller financing available for qualified buyers. Rare opportunity to get in the restaurant business with very little upfront capital. Only $25k down and make payments of $2k/mount with no interest until paid in full.

What do you need to qualify for the seller financing?
-You need to have good credit
-Pass tenant screening
-No evictions
-No criminal history
We’re looking for someone that is financially responsible, pay the rent on time, and take care of the property. It is a sublease until the current contract expires in 12/22 and after that you can sign new rental agreement with the Landlord.

What is included in the sale?
Walk in Cooler 7' x 12
2 door freezer
10' pizza prep line (4 door)
5' salad bar prep line (2 door)
28" pasta prep line (1 door)
90' beer keg cooler
5' beer glass cooler
Double stack pizza oven
Ice Machine
Dough Mixer x2
Deep Fryer
Stove x 2
Dishwasher with side tables
Soup Warmer x 2
Grill
Coffee Maker
TVs x 2
POS System x 4
Tables, chairs, booths and all inventory.
All recipes, menu and vendors
Training for 2 weeks to ensure smooth transition

- Take over existing concept, make changes to the name and/or menu, or bring a whole new concept!
- Currently being run as a franchise. Opportunity to change the restaurant name, but keep the same phone number, and customer base!
- Now only serving Beer/Wine. Add hard alcohol, and easily increase sales!

Please contact me with any questions.

Detailed Information

Location:
Seattle, WA
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
12/22/2022
Employees:
8
Facilities:
Big parking lot for Seattle. 3500 sq foot dining room. Huge Kitchen with plenty of storage space.
Competition:
Very little competition close by.
Growth & Expansion:
High density with apartments. Huge growth potential in the neighborhood, with light rail, upcoming renovations at Northgate Mall. Expand marketing to increase sales. Possibly add a full bar to increase sales? Few full bars nearby.
Financing:
$25k down and make payments of $2k/mount with no interest until paid in full.
Support & Training:
2 weeks
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Business Listed By:
Sasho Dimitrov

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