Move in Ready Restaurant Ready for a New Concept

Thurston County, WA
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Asking Price:$79,000
Gross Revenue:$500,000
Rent:$3,200
Cash Flow:$179,000
Inventory:$2,500
FF&E:$7,000
BUSINESS DESCRIPTION

If you are looking for a large kitchen to open a teriyaki spot, pizza joint, or a chance to share that secret recipe with the world, then look no further. This has been a European restaurant for 14 years, but the owner is moving out of state and wants to retire to a warmer climate. A steady flow of JBLM traffic and tons of new housing make this an open canvas for a new concept. But if you are happy with the current menu items, then you could be owning this restaurant tomorrow. This listing is all about the location and the kitchen. The kitchen may need some upgrading, but is large enough to add more food items. Within eyesight there is a new single family housing project in the works which will add between 30-37 new households. Additionally, there is a new mixed-use apartment complex getting built. This road in Lacey is the main thoroughfare for Lacey to get to Interstate 5. Its no so much about the past, its what you could do with this location and kitchen in the future!


DETAILED INFORMATION
Location
Thurston County, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
01/01/2027
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
FF&E Overview: New Carpet, chairs, and most tables. Racking in kitchen. FF&E General Condition: New
Competition
No or very limited competition for the traditional European restaurant. In addition to being very unique, the price point attracts customers because the prices are very affordable.
Growth & Expansion
Introduction to social media, online ordering, and a new web page would help re-introduce restaurant to the area. Rely heavily on the military community. Has kept prices affordable to keep clientele, but with a re-fresh of the menu, a price increase would be justified. Hours are reduced because owner has been trying to retire since pandemic. Hiring and training a staff would help increase the growth in sales at location.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Owner Retirement
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Jim
Misgen
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Jim Misgen