Owner Financing is Available!
Business Overview:
This is a warm cozy "Cheers" type bar with American "comfort" style food. It is done in a brick, natural wood and antique type motif with a fireplace. It has an outstanding location directly across from the Everett Convention Center in downtown Everett. The business occupies 2,600 square feet with seating for about 98, it has a full size kitchen with a 12 feet hood and grill, prep tables and a walk-in freezer. There is a charming covered patio outside perfect for private parties and the summer crowd. The current owner opened this business in August 2010 and due to family issues must sell it - A great opportunity for the enterprising entrepreneur. This location has been a successful bar and dining location since 1973. The current owner has started to cater to private parties and has found this to be very successful and this is something the new owner could carry on and promote. There is very little competition for this service in downtown Everett and it is very profitable. Due to the fact that many of the venues at the Convention center are family oriented the new owner could make the business more attractive to families for dining before the shows. The owner has not promoted the lunch crowd either and this could be an avenue the new owner might explore. This restaurant has a great location, a warm and friendly atmosphere, and with a little tweaking could be a true destination dining experience.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This is a warm cozy "Cheers" type bar with American "comfort" style food. It is done in a brick, natural wood and antique type motif with a fireplace. The business occupies 2,600 square feet with seating for about 98. It has a full size kitchen with a 12 feet hood and grill, prep tables and a walk-in freezer. There is a charming covered patio outside perfect for private parties and the summer crowd. It has an outstanding location directly across from the Everett Convention Center in downtown Everett. The base rent is $4,500 plus triple net charges of $500 per month. The Lease runs till 9/30/2015 and has a 5 year option to extend.
Market Competition and Expansion:
As with any downtown area there are many restaurants and bars within the proximity of this one. Currently there are no Italian restaurants in downtown Everett and this could easily be converted over to a family style Italian restaurant. The current owner has started to cater to private parties and has found this to be very successful and this is something the new owner could carry on and promote. There is very little competition for this service in downtown Everett and it is very profitable.The current owner has started to cater to private parties and has found this to be very successful and this is something the new owner could carry on and promote. There is very little competition for this service in downtown Everett and it is very profitable. Due to the fact that many of the venues at the Convention center are family oriented the new owner could make the business more attractive to families for dining before the shows. The owner has not promoted the lunch crowd either and this could be an avenue the new owner might explore.
Reason for Selling:
The seller is selling due to family reasons.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: