MergerPlace

Full Service Restaurant & Bar

Seattle, Washington (King)


  • Asking Price: $600,000
  • Gross Income: $1,948,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $40,000
  • FF&E: $568,000
  • Listing ID: #205320
  • Established: 18
  • Employees: 40

Business Description

Full Service Bar & Restaurant located in a prime location in the Seattle/Bellevue area. This business has been an iconic neighborhood watering hole in the community since 2000, and in 2013 moved to a new location and converted to a full-service bar and restaurant.


Business Details

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

Company Information

Year Established: 18
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 40

Financial Information

Asking Price: $600,000
Gross Revenue: $1,948,000
FF&E: $568,000
Inventory: $40,000
Seller Financing Available: Yes

Property Information

Facilities:

This facility is a 4,500 SF space located in a mix use property of retail and residential. The restaurant is well designed to accommodate a variety of concepts. The kitchen layout is equipped to handle high volume and many different types of cuisine. Spacious dining room that seats 96 and outdoor patio that seats 21. Unique bar area complete with big screen televisions, inviting ambiance and neighborhood feel. The bar area can comfortably accommodate up to 70 people.

Growth & expansion opportunities:

The owner is retiring and moving out of the area, he has been an absentee owner and the business is run by a minority partner/manager. The business is in the top quartile in sales in the region for restaurants and would benefit from a more hands-on owner/operator. Bring your own concept or keep the current model.

Competition:

Great LOCATION. This business has great foot traffic from nearby residents and surrounding businesses in a locale that is recognized as one of the premier neighborhoods in the Seattle. Area patrons are known for their strong support of local businesses and the convenience of this location has created a well-known neighborhood hot spot.

Reason for selling:

Retirement

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Business Listed By:

Damon Pistulka

Cross Northwest