Successful Downtown Seattle Restaurant

Seattle, WA (King County)

Successful Downtown Seattle Restaurant
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Asking Price: $650,000

Cash Flow: N/A

Gross Revenue: $1,223,370

EBITDA: N/A

FF&E: $60,000

Inventory: $20,000

Rent: $4,715 /Month

Established: 2013

Successful Downtown Seattle Restaurant

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Business Description

This highly popular restaurant, take out and catering business is now on the market. Nestled in the vicinity of such business as Zillow, Oracle, Chase, Indeed, Russell Investments, Hugh's Marino and Physician'd Insurance. There is a 950,000 ft² office building slated for completion early 2020 next door too. Currently the business is open Monday to Friday, 7am to 4pm. Extension of these hours and including weekends will certainly increase turnover. Also, owners are currently turning down large amounts of catering orders as they currently only manage 5 catering orders/ day. Catering income for 2018 was $838,794.00

Detailed Information

Location:
Seattle, WA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/24/2024
Employees:
10FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Great Location!
Growth & Expansion:
They are currently open Monday to Friday 7am to 4pm. increasing these hours will greatly increase turnover. Also, they are turning down a lot of catering opportunities- this is also a great potential area to grow with minimum input.
Support & Training:
2 Weeks
Reason for Selling:
Other Business Interests
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rob mundie

Business Listed By:
rob mundie

KR Business Brokers

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Sponsoring Broker:
Randi Edwards, CBB, CBIS

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