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Listed by:

Coldwell Banker Bain

Profitable Restaurant In Seattle For Sale

Seattle, Washington
Asking Price:
$220,000 (USD) Furniture / Fixtures included
Sales Revenue:
$550,000 (USD)
Cash Flow:
$1 (USD)

Fully equipped restaurant, with type 1 hood that seats 60. Great high traffic location, lots of foot traffic and slow-moving auto traffic. Restaurant sits upstairs with great views of the busy Seattle streets below. It definitely takes fine dining up a notch or two. Very clean set up, restaurant newly remodeled, floor and paint etc... looking good and classy. Currently, an established Asian restaurant fully equipped with a 10-foot type 1 hood in the kitchen so can handle just about any food concept. So new owner can have the freedom to do something different if that’s his game plan. Great open floor plan, with 1,714 square feet which lend itself well to all kinds of ideas like live microphone night, karaoke etc… Not a bad seat in the house for the show. This lease is very attractive too as it has lots of time left, it has two 6-year options to renew. Very good signage and visibility, located in a very desirable part of Seattle. Although the seller does little or no marketing or advertising and offers no delivery service, not even a website to tell the world who he is, he still consistently does over half a million in annual sales. Has good lunch sales and even better dinner sales. Sells beer but no wine. He says he nets about one hundred seventy thousand a year from this restaurant. Ways to increase the already good sales is to get a website to advertise that you offer catering as there are many, many businesses and work people in this highly congested area there has to be some catering that needs to be catered why not you? If not catering accounts? How about delivery? Delivery for food has never been easier as there are so many food delivery companies that will do it for you if you do not want the hassle of doing it yourself. Perhaps this would make a good breakfast place as well, lots of foot traffic. This has a very friendly, quiet neighborhood feel to this restaurant. Seller wants to retire so he is willing to consider all reasonable offers. Really if you are looking for a restaurant in a good location that has a good set up that is making good bank then you should check out this one because it is all good.

Property information

Real Estate:

Lease

Lease Terms:

The lease expires 2024 and 2 time 6yrs options.

Leasehold Rent:

$78,000 (USD) per annum

Location:

Great high traffic location, lots of foot traffic and slow-moving auto traffic. The restaurant sits upstairs with great views of the busy Seattle streets below. It definitely takes fine dining up a notch or two. Very clean set up, restaurant newly remodeled, floor and paint etc... looking good and classy.

Premises Details:

Great high traffic location, lots of foot traffic and slow-moving auto traffic.

Size in square feet:
1,714

Business Operation

Expansion Potential:

Ways to increase the already good sales is to get a website (currently there is not one) advertise that you offer catering (catering accounts is not being advertised for) as there is many, many businesses and work people in this highly congested area there has to be some catering that needs to be catered why not you? If not catering accounts? How about delivery? Delivery for food has never been easier as there are so many food delivery companies that will do it for you if you do not want the hassle of doing it yourself. Perhaps this would make a good breakfast place as well, lots of foot traffic. This has a very friendly, quiet neighborhood feel to this restaurant.

Reasons for selling:

owner wants to retire

Trading hours:

11 am to 9 pm

Employees:
4 full time and 4 part time
Years established:
2012

Other Information

Support & training:

2 weeks training offered but it is negotiable.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

80% down strictly a case by case basis

Contact Information

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