MergerPlace

Seattle Full Service Restaurant and Bar

Washington (King)


  • Asking Price: $529,000
  • Gross Income: $1,251,620
  • Cash Flow: $182,652
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $250,000
  • Listing ID: #202866
  • Established: 2008
  • Employees: 1 FT/19 PT

Business Description

Extremely profitable, strong cash flow, consistent performing well known local restaurant in a vibrant location in Seattle. Good reputation for quality food. Fantastic location. Many accolades including Best Cocktails, Best Happy Hour and Best Eats in the Neighborhood. One of the best growing neighborhoods in Seattle. Busy Bar makes up 20% of sales. Turnkey. Ready for new owner to step in and start making money on day one.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Washington
County: King

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/19 PT

Financial Information

Asking Price: $529,000
Gross Revenue: $1,251,620
Cash Flow: $182,652
FF&E: $250,000
Seller Financing Available: No

Property Information

Facilities:

Rent is very favorable for the area and owner has negotiated a long term lease with very modest fixed increases through 2028. Attractive and enjoyable atmosphere. Kitchen and restaurant are well maintained.

Growth & expansion opportunities:

Open daily for dinner only. A new owner can expand hours. This is just one example of room to grow.

Competition:

In this vibrant area there are several other establishments. Still this restaurant has been able to thrive and build a loyal clientele.

Reason for selling:

Owner relocating out of state.

Support & Training:

Will train for 2 weeks @ no cost. Current owner has a General Manager in place plus well-regarded Chef and Bar Manager. Owner has another full time job and works only a few hours a week in the restaurant doing back of the house financials and consulting. New owner can be an owner/operator or absentee owner.

Contact Business Seller

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Business Listed By:

Judy Elrod

Murphy Business Brokers