Owner Financing is Available!
Business Overview:
This is an outstanding opportunity to own a destination restaurant and a Microsoft luncheon cafe together. Elegance, authenticity, and graciousness highlight this destination East Indian restaurant. It has been established for over 10 years in the same Redmond Town Center location. An elegant surrounding with chandeliers, imported Indian furniture, and aristocratic motif invite the customers to relax and enjoy a great meal. This is authentic East Indian cuisine prepared by some of the best Eastside chefs. Outstanding service and high quality fare keeps the clientele returning for years. The business occupies 2670 sq feet with a seating capacity of 97. There is a full service kitchen with a 16 foot hood, grill, 2 tandori ovens, and walk-in freezer. The business has a Class H liquor license. The business serves a buffet 7 days per week as well as dinner. The Microsoft location is open from 11 AM - 2 PM and it generates enough cash flow to pay the rent on the Redmond Town Center location. The current owner does some prepared meal deliveries for other Microsoft cafes and a little catering but this could be expanded by the new owner. The owner only works about 25 hours a week and is very motivated to sell this ASAP.
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 rare opportunity to own two businesses the main restaurant in the Redmond Town Center and the cafe in one of Microsoft's main cafeterias. The main restaurant is 2,670 square feet with seating for 97. It has a full kitchen with a 16ft hood and 2 grills. The total rent is $10,700 per month and the lease expires 2/28/2012 with options to extend. The Microsoft cafe pays 25% of its gross sales as rent and it lease runs till 5/2012 and is renewable with approval. The profits from this cafe pay the rent on the main location.
Market Competition and Expansion:
There is virtually no competition in either location.The current owner does some delivery of already prepared meals to other Microsoft cafes and some minor catering, however, the new owner could easily expand both services and greatly increase the revenues. The current owner only works about 25 hours per week and the new owner, if he worked full time, could make a difference in how the business performed. With two locations, especially one in Microsoft, there are many avenues an new owner could take advantage of to increase the business.
Reason for Selling:
Seller has other business interests
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.