2 Profitable Seattle Donut Shops Absentee Owner

Seattle, WA
King County

City


Asking Price: Annual Revenue:
$175,000 $372,512

Food & Beverage: Coffee, Cafe, Dessert


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RE: 2 Profitable Seattle Donut Shops Absentee Owner Broker: David Smith
Owner Financing is Available!
75% down strictly a case by case basis

Quick Facts

Asking Price: $175,000
Annual Revenue: $372,512
Net Profit: $100,000
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $8,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 11
BBN Listing #: 991551531
Broker Reference #: dsdfsea

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Business Overview:

Two highly profitable donut shops for sale. They are not a franchise but they are all set up if the new owner wanted to take it that way, great product, great marketing, and branding. This name is established and well known. This is a great opportunity for an investor to start a franchise as all the groundwork is set up and built up with two profitable donut stores already in place for you.

The donuts are delicious, light and fluffy rated as the best in the Seattle area. A large variety of donuts etc and these money recipes will be taught and passed along to the new owner with the purchase. Well into the six-figure net take-home income with a simple business taken to a very high level. It’s also a simple business concept to learn and teach employees and managers, so transition times are sweeter (shorter). The owner has big name, “I want your donuts accounts,” several medical hospitals and a major corporation ongoing accounts.

These donuts are in demand and the new owner can step right into this established and turnkey operation. Two locations one in Seattle which is just walking distance to U of W so lots and lots of students and walk by in front of the shop all times of the day and evening. Lots of students walking by your front door not only means good sales but it also means potentially plenty of employees if need be. Set up to be absentee operated ownership. Seattle shop has a shared parking lot, street parking and lots of foot traffic. The Seattle location is making very good money in sales but the upward potential here at the Seattle location is the sweetest. A truly great location and a perfect finger food in a high traffic location.

The other shop is in Lynnwood it is more established and making more sweet moola, has lots of parking in a shared parking lot. Much bigger space inside shop plenty of display cases to showcase your donuts. The seller would like to sell both shops as a set and is willing to give buyer a discount on a package deal. But will entertain conversations on shops individually. There are lots of unique ideas and flavors on the creativity, one of a kind donut shop. Two of a kind as there are two donut shops for sale. You have to see and taste this one for yourself.

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Property Features and Assets:

Seattle donut shop very prime location monthly base lease $4,300 with a triple net of $1,975. Lease expires May 1st, 2024 with a 5-year option to extend. 1,000 square feet, 26 seating capacity. Operated by 4 Full time and 7 part-time employees. Open 7 days a week 5 AM to 7 PM, plenty of glass display cases, shared parking lot and street parking. Established, fully equipped and turnkey. Donut shop 6 months with the current owner but was previously a donut shop at this location for more than 10 years.

Market Competition and Expansion:

This owner has set up all the groundwork, did do an excellent job of branding and marketing. Has multiple very big name accounts, several of them are medical hospitals and a major corporation. The seller also offers donuts in shapes of letters and numbers. Thus adding greatly to the already perfect finger food for office meetings, parties and all types of celebrations. Designer messages that can be made with these donuts opens the doors to endless catering opportunities. These donut messages make for an event that will be remembered. And yes donuts hold up well to delivery unlike a lot of other delivered foods. With all the delivery outlets to use catering really is a huge moneymaker. So yes these donut shops do offer delivery. No similar donut competition in quality or creativity. Not a franchise so new owner can add or modify with their own creativity.

Reason for Selling:

Seller more time with his family

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.

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