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Asking Price:	$348,888 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	The owners are relocating.
Year Established:	2004
# of Employees:	3 Part Time
Yearly Revenues:	$129,664
Yearly Net Profit:	$22,364

Business for Sale Overview:

This is a well known deli restaurant in northwest Snohomish County that has received rave reviews. The asking price includes the business and real estate. Located on the corner of the main street in historic downtown, this prime time location is hard to beat. The restaurant’s reputation has certainly traveled far; many people from different cities have heard of or been to this restaurant. Needless to say, the owners have won numerous “best food” awards as well as fantastic newspaper reviews from food critics. A train station is being built across the street from this restaurant, which will further increase its foot traffic and reputation. There are 3 part-time employees, one of which makes $8.75 per hour and the other two make minimum wage. The owners are relocating, and are looking to pass the baton to a new owner who can continue this restaurant’s growth and famous reputation.

Property Features and Assets:

The location is absolutely fantastic. The owners purchased the business and property in August of 2004, and have done an amazing job making the restaurant beautiful. Business hours: 11-7 Mondays through Saturdays, except for Fridays when hours are 11-8. Seating capacity: 16 inside and 10 outside. There are plenty of street parking. The owners currently lease 6-7 parking spaces on the lot behind for $1,300 per year. Condition of building, fixture, equipment: good. Building square feet: 938. Lot square feet: 2,613.6.

Market Competition and Expansion:

The prime time location and the owner’s secret recipe are the perfect combination for an excellent deli. The recipe came from the owner’s father, who is a first-generation Italian. This secret recipe comes with the sale. The restaurant is acclaimed reviews and excellent reputation make this a very solid business. There is enough room to put in more seating. Currently, there are an indoor seating area and an outside front porch. The front porch could be enclosed. The train station being built across the street will bring in more foot traffic. More aggressive marketing will also spread its reputation even further.

Additional Details:

• The property is owned.
• The owner may be willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.