MergerPlace

No Competition, Unique Profitable

Washington (King)


  • Asking Price: $325,000
  • Gross Income: $480,498
  • Cash Flow: $120,695
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #208929
  • Established: 2008
  • Employees: 10 FT / 3 PT

Business Description

Unique customer base with NO competition. Kosher certified. Strong sales of kosher and vegetarian cuisine at prime location in Seattle area. Sole provider of kosher food to area hotels and conferences. Customers seek out this restaurant. High margin, high demand. Well staffed with Chef and Managers that run the day-to-day operation. Owner has an outside corporate job and is semi-absentee. Open daily except Saturdays.


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: Yes
Number of Employees: 10 FT / 3 PT

Financial Information

Asking Price: $325,000
Gross Revenue: $480,498
Cash Flow: $120,695
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

Prime location in office building in vibrant high-end area. Very attractive and well set up. It has a private dining room for large parties and gatherings. Kitchen can handle large catering orders in addition to restaurant traffic. Long-term lease can be negotiated with landlord.

Growth & expansion opportunities:

This has a niche--both Kosher and Vegetarian that can be a goldmine! Great potential to expand catering to airlines, cruise ships and local grocery supermarkets. Owner has not had the time to market this restaurant.

Competition:

There are no other Kosher certified restaurants in the area. It is also highly popular for its extensive menu of tasty vegetarian dishes. It has an outstanding reputation for delicious food and service. It is the go-to provider of Kosher meals for all downtown Seattle and Bellevue hotels. There is high demand for food that conforms to the dietary regulations of this community.

Reason for selling:

Retiring

Support & Training:

Will train for 12 weeks @ no cost Fully staffed with skilled Chef and Managers that run the day-to-day operation. Owner has an outside corporate job and is semi-absentee. Restaurant has a beer and wine license. Owner will provide up to 3 months training and full support to a new buyer.

Contact Business Seller

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Business Listed By:

Judy Elrod

Murphy Business Brokers