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Asking Price:	$595,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	Divorce forces the sale
Year Established:	2007
# of Employees:	3 Full Time / 13 Part Time
Yearly Revenues:	$720,000
Yearly Gross Income:	$720,000

Business for Sale Overview:

Upscale Sushi restaurant and nightclub located in outstanding Capitol Hill location. The business occupies 2,982 square feet, has seating for 190 customers, and has 4 private parking spaces (very rare). This was built in August of 2007 and no expense was spared - all top of the line. There are many restaurants and nightclubs on Capitol Hill, but this one is unique, and has an outstanding location.There is a huge kitchen which could serve any food fare the owner wanted and the atmosphere is to die for. The current owners have had no experience in the restaurant and nightclub industry and have done an excellent job in getting this business off the ground. An experienced operator could really take this business to the top. The revenue figures are annualized based upon the 8 months the business has been operating. The real estate is also for sale for $1.4 M, which is already appraised, and makes this a special opportunity.

Property Features and Assets:

Upscale Sushi restaurant and nightclub located in outstanding Capitol Hill location. The business occupies 2,982 square feet and has 4 private parking spaces (very rare). This was built in August of 2007 and no expense was spared - all top of the line. The Seller will Lease the space for $8,000 per month plus NNN of $1,250 on a 5 year Lease with a 5 year option, sell the space for $1,400,000 (appraisal in hand), or Lease Option the space with the sale of the business.

Market Competition and Expansion:

There are many restaurants and nightclubs on Capitol Hill, but this one is unique, and has an outstanding location. It has the longest ice bar in the Northwest for serving martinis and beer. It also has 4 private parking spaces, which is very rare, on Capitol Hill. The real estate is also for sale for $1.4 M, which is already appraised, and makes this a special opportunity. The current owners have had no experience in the restaurant and nightclub industry and have done an excellent job in getting this business off the ground. An experienced operator could really take this business to the top. There is a huge kitchen which could serve any food fare the owner wanted and the atmosphere is to die for.

Additional Details:

• The property is owned.
• The owner is 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.