Establish Restaurant In a Great Location
Seattle, WA
| Asking Price: | $425,000 |
| Inventory: | $20,000 |
| FF&E: | $225,000 |
| Gross Revenue: | $1,000,000 |
| Rent: | $6,800/Month |
| Established Year: | 2000 |
Listing ID: 2248756Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profitable with established clientele
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.
DETAILED INFORMATION
Location
Seattle, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
31/12/2035
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
There are other restaurants in the area but the community around is affluent enough to support the existing businesses.
Growth & Expansion
While the business is profitable at existing volume there is potential to expand hours and otherwise take steps to increase volume substantially.
Financing
Seller Financing possible
Support & Training
Training and support to be negotiated as needed.
Reason for Selling
Retiring.
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