Profitable Restaurant w/hood High Traffic Location

Marysville, WA (Snohomish County)

Profitable Restaurant w/hood High Traffic Location
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Asking Price: $69,500

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2007

Profitable Restaurant w/hood High Traffic Location

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Business Description

Fast food setup, very high traffic location which will get even more high traffic in the very near future. Major hotel chain to open hotel right across the street in the upcoming months.

Major name motel to open a few blocks away as well. This restaurant already has great signage and visibility from the street. Did I say this restaurant is located on a busy street in a busy shopping plaza with lots of solid anchors all around? Because it does to all those things.

Lots of people and traffic to cater to all hours of the day and night. Currently set up as Asian fast food but NOT a franchise so the new owner could change this food concept to Mexican, Italian, Korean, pizza or Indian food as no similar competition close by. A fully equipped kitchen which includes a 7 unit steam table for food display, 2 stove ranges, 3 door salad bar, 14-foot type 1 hood, walk-in freezer, walk-in refrigerator, a full grill top, and deep fryers. About 1200 square feet and the seating capacity of 24. Other great chews on this one are there is plenty of parking. You will always have enough parking for your customers. Easy access to the freeway which is only a few blocks away which yes does increase your customer base. Currently set up as Chinese fast food restaurant no other Chinese restaurants close by, closest one is maybe 3 miles away. This restaurant has a 10-year history of making good profits but even more, can be made as current owner does no marketing. Last year this restaurant did $300,000 in sales and that is with NO website and NO marketing or advertising at all. Seller says he nets $100,000 annually from this business. With the major hotel opening up right across the street in the upcoming months and a major name motel opening up a few blocks away, add that with a business website and some marketing these sales numbers could climb to $400,000 or more annually. This business is already established, turnkey and profitable but could do so much more. This building is newer so has great air-conditioning and heating. Lots of life left on the lease, and for such a high traffic area the monthly rate is more than reasonable. This restaurant may have the best space in this whole plaza for street visibility. Seller wants to retire is the reason for selling. I encourage you to you to come on by and try on an apron and see if this kitchen fits. It’s all here!!

Detailed Information

Employees:
3
Facilities:
The lease is $4,453 per month that is the triple net and base lease combined. The lease is assignable and renewable. Current lease expires 31 Jan 2022. Bright clean fast food restaurant setup about 1,200 square feet. Seating capacity of 24. The fully equipped kitchen which includes a 7 unit steam table for food display, 2 stove ranges, 3 door salad bar, 14-foot type 1 hood, walk-in freezer, walk-in refrigerator, a full grill top, and deep fryers. Plenty of parking, great signage, and visibility from the street. Plenty of storage.
Competition:
This restaurant has a 10-year history of making good profits but even more, can be made as current owner does no marketing. Last year this restaurant did $300,000 in sales and that is with NO website and NO marketing or advertising at all. With the major hotel opening up right across the street in the upcoming months and a major name motel opening up a few blocks away add that with a business website and some marketing these sales numbers could climb to $400,000 or more annually. Currently set up as Chinese fast food restaurant no other Chinese restaurants close by, closest one is maybe 3 miles away. So the same similar competition is not very much.
Growth & Expansion:
This restaurant has a 10-year history of making good profits but even more, can be made as current owner does no marketing. Last year this restaurant did $300,000 in sales and that is with NO website and NO marketing or advertising at all. With the major hotel opening up right across the street in the upcoming months and a major name motel opening up a few blocks away add that with a business website and some marketing these sales numbers could climb to $400,000 or more annually. Currently set up as Chinese fast food restaurant no other Chinese restaurants close by, closest one is maybe 3 miles away. So the same similar competition is not very much.
Support & Training:
2 weeks training
Reason for Selling:
seller 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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