Turnkey Opportunity in Prime North Capitol Hill Location
| Asking Price: | $249,000 |
| Gross Revenue: | $1,300,000 |
| Rent: | $7,840/Month |
| FF&E: | $80,000 |
| Cash Flow: | $40,000 |
| Inventory: | $60,000 |
| EBITDA: | $200,000 |
| Established Year: | 2022 |
award winning neighborhood restaurant with entertainment
Upscale Restaurant, Full Bar, Large Patio
Rare opportunity to purchase an idyllic neighborhood bar/restaurant in an established Seattle neighborhood with a synergistic mix of shops, restaurants, and independently owned businesses. Located at the end of the BRT rapid line, offering tourists and locals quick access to the front door of the business from Pike Place. Summer 2025, 80+ residential unit building opening on the same block. Owners are looking to sell to seek expansion opportunities.
- Established in 2022, this business is ideal for a hands-on owner/operator
- Established restaurant space since 2010
- Fully equipped kitchen with 13.5' type 1 hood and walk-in fridge
- No deferred maintenance, well-maintained and charming space features large storefront windows, high ceilings, concrete floors, full bar, and an all-season outdoor patio
-Indoor seating for 83 (2,217 SF), patio seats additional 35 guests year-round (covered and heated)
- Current Monthly Rent $7840. Current Lease expires August 31, 2028 plus two 5-year options to extend.
BUSINESS LOCATION
