Hot Listing

Establish Restaurant In a Great Location

Asking Price$295,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$20,000
Included in asking price
FF&E$225,000
Included in asking price
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Hot Listing

Establish Restaurant In a Great Location


Asking Price$295,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$20,000
Included in asking price
FF&E$225,000
Included in asking price

Seller Financing Available
Business Description
The business is located north of downtown in a predominately residential neighborhood which has limited prime commercial space. For over 20 years this restaurant has been under one owner. It consistently garners great reviews and is well regarded in the Seattle community. The established customer base is a high end demographic. It is profitable and at the same time there is potential with added marketing to make it more than it has been. It would be a good fit for a chef owner or an established operator looking to expand.
About the Business
Years in Operation
25
Employees
15
Facilities & Assets
Fully equipped kitchen with ranges, refrigeration, pots, pans and all needed small wares. All equipment is owned and included with sale. Seats and banquets for approximately 65 inside and an additional 25 seats outside. Plates,, flatware and glassware are included.
Market Outlook / Competition
There are other restaurants in the area but the community around is affluent enough to support the existing businesses. There are limited good retail locations in the area. Current lease is under market rate.
Opportunities for Growth
While the business is profitable at existing volume there is potential to expand hours and otherwise take steps to increase volume substantially.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,500
Rent
$6,890.00 per month
Lease Expiration
12/31/2035
About the Sale
Seller Motivation
Retiring.
Transition Support
Training and support to be negotiated as needed.
Financing Options
Seller Financing possible
Listing Info
ID
2248756
Listing Views
3539

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Listing ID: 2248756 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.