PRICE REDUCED! Income Producing Asian Restaurant Bothell/Mill Creek

Mill Creek, WA (Snohomish County)

Seller Financing Available
PRICE REDUCED! Income Producing Asian Restaurant Bothell/Mill Creek
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Asking Price: $400,000

Cash Flow: $283,283

Gross Revenue: $1,044,767

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $8,262 /Month

Established: 2007

PRICE REDUCED! Income Producing Asian Restaurant Bothell/Mill Creek

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Business Description

Profitable, Full Service Restaurant & Bar in Prime Location, Great for E2 Visa w

High visibility in a prime location.
2018 Gross Sales $1,044,767; Net $283,287
Monthly lease $8,262 plus NNN
Lease expiration 07/31/2021
Total 2,916 Sq. Ft. with seating for 100+
Spirits/Beer/Wine Restaurant + License
18’ Type I Hood
Free, ample parking (40+ spaces)
Agreement to not lease spaces to other Asian restaurant that seats more than 30 customers near location.
Absentee owner
Two 10-year lease options
Great for E2 Visa

All potential buyers must sign NDA for financials. This sale is confidential so please DO NOT talk to employees.

Detailed Information

Location:
Mill Creek, WA
Real Estate:
Leased
Building SF:
2,916
Lease Expiration:
7/31/2021
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Tables Chairs Booths 18’ Type I Hood 10’ x 10’ Walk-In Cooler Dishwasher in Bar Dishwasher in Kitchen Three Woks POS Hot Water Tank NU CO2 Bulk Tank Security Alarm Sprinkler System
Growth & Expansion:
Restaurant does not currently offer food service delivery. Great opportunity to add Uber, Door Dash, GrubHub, Delivery or others.
Financing:
Possible seller financing with buyer's approval OAC.
Support & Training:
After closing.
Reason for Selling:
Retiring from food service industry.
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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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