Million Dollar Restaurant, That Does It All

Renton, WA
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Asking Price:$1,100,000
Gross Revenue:$1,369,640
FF&E:$30,500
Cash Flow:$384,878
Inventory:$15,000
Established Year:1998
BUSINESS DESCRIPTION

Million dollar restaurant business that does it all, from dine-in to delivery, big catering orders, to even grocery store and wholesale sales. Yes, in this big kitchen area, a lot is going on to not only keep the restaurant customers well-fed and satisfied but also make main entrees, side dishes, bread, and sweets, then freeze them for sale in this grocery market.

This food business consistently does more than $1 million in sales every year. Last year, this had a net take home of almost $400K. Over 3,900 square feet of money-making activity are going on. For the experienced restauranter who likes to have their hands in a lot of different revenue streams, this business is worth you checking out.

With this kind of sales, you could have your investment paid back in just a few short years. This food haven has been established since 1998, so there is quite a long list of loyal customer bases built up for you to start making big dollars from day 1.

It has several type 1 hoods, 3 walk-in coolers, a restaurant that seats 75, lots of extra storage space, and glass display cases in the grocery store. All equipment and furnishings are in good condition; everything is well-maintained and ready for you.

Located on a humming & buzzing street in a very vibrant shopping plaza. (means high-traffic street and a very lively and active plaza.) Lots of big-name anchor businesses all around. Hundreds of free parking spaces in a huge shared parking lot.

The seller here is very organized. He has developed over the years a highly organized and highly profitable winning business plan, and he is willing to train new owners so they, too, can be very successful.

Please note all interested buyers must provide “Proof of Funds or Preapproval Documents” from their bank to get an up-close personal look at this business.


DETAILED INFORMATION
Location
Renton, WA
Inventory
Not Included in asking price
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Monthly lease: $7978 with the Triple Net included. The lease expires Nov 2029 and does have the option to renew. 3,901 square footage is the size. It has a restaurant with 75 seating and boasts a grocery store with lots of shelves and refrigerated display cases. A spacious kitchen with several type 1 hoods, 3 walk in coolers, a fully equipped kitchen. Hundreds of free parking. Nice website included in the sale price.
Competition
No similar competition in size or concept.
Growth & Expansion
Seller already has his hands in many different money making activities to include restaurant dine in, to delivery, big catering orders, to even grocery store and wholesale sales. Offers a large vegetarian menu and is Kosher certified. Serves no alcohol. Lots and lots of big catering opportunities.
Financing
No Exceptions: Buyer must show "Proof of Funds or Preapproval Letter from lender" to
Support & Training
Seller is offering 2 weeks of training more is negotiable
Reason for Selling
Owner wants to retire
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David
Smith
The Agency NW RE
David Smith