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Business For Sale

Give Away Restaurant & Lounge Just $35,000

Woodinville / King, WA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$35,000
$153,026
$1
$37,000
$1
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1989
5
242511154
Owner Financing is Available!
With 55% down, 12 month note at 7% interest rate.

Business Overview:

Established since 1989 totally turnkey Asian restaurant, fully equipped kitchen with hood. Kitchen is big and modern, has plenty of refrigeration storage both chill and frozen. Also plenty of dry storage. With this complete kitchen and the huge storage space that’s available this restaurant can do it all and accommodate just about any cooking operation to include ethnic concept cuisine. Has full bar, with several flat screen televisions so perfect for sports bar type setting. Almost 3,000 square feet, so has room to add karaoke and or live entertainment to increase profits. located on a main street in Woodinville. Restaurant has a proven history of profitability. Very little competition in the area. Seller willing to train in all aspects of restaurant to include secret recipes. Owner is older and husband just died so wife can not run this business by herself. Seller is very motivated to sell. Plenty of parking and easy access to the freeway. This restaurant has a seating capacity of 104 and is run by 3 fulltime and 2 part time employees. Small almost give away purchase price for a full size restaurant that has and can do it all make this a very unique business opportunity.

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:

2,836 Square Feet, has lounge with bar and plenty of storage. Two flat screen televisions. Seating capacity of restaurant is 104. 50 plus parking spots available. Huge complete kitchen with a lot of refrigeration and dry storage. Complete kitchen offers the ability to change cuisine concept if so desired. The lounge / bar could easily make more profits with life entertainment, karaoke, or sports bar type activities

Market Competition and Expansion:

Current owner has done no advertising, no marketing, other than call in's has done no catering. It's just turn the light on and wait for customers to come in. Location is good and with an energetic owner operator there is more money to be made. Restaurant has a lounge, could add sports, karaoke, or live entertainment as all possible ways to increase profits that current owner is not doing. With the right owner taking over this restaurant could very well be a night spot for people to hang out which currently Woodinville is lacking.

Reason for Selling:

Seller died, family wants to sell

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 a franchise resale opportunity.