Eastside Highly Profitable Grill & Bar

Kirkland, WA
King County

This is a very popular restaurant & bar in town


Asking Price: Annual Revenue:
$820,000 $1,651,237

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Eastside Highly Profitable Grill & Bar Broker: Becky Smtih
Owner Financing is Available!
50% of seller financing available but strictly case by case bases.

Quick Facts

Asking Price: $820,000
Annual Revenue: $1,651,237
Net Profit: $200,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 23
BBN Listing #: 171251531
Broker Reference #: ds/gamneki

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Business Overview:

Highly profitable grill and diner-type restaurant that happens to have a full bar. But don’t let the bar part fool you this is a family-friendly fun atmosphere with 6 TV’s so not a bad seat in the house. Even classic family board games are available.

No typical bar grub food here! This menu is big varied and great tasting from a choice of complete breakfasts served all day long, to burgers, sandwiches, salads, and soups to full entrees for dinner. Envision a diner and now you know what is cooking here.

Over 20 years established, lots of regular loyal customer base. This is a very popular restaurant and perhaps none other like it in town. Well over $1,600,000 in annual sales even when Covid came with its biggest punch this grill and bar still pushed a million in sales.

The current owner works only about 20 hours a week and still takes home a well into 6 figure net annual income. This guy at the top here just wants to retire that is why this business is for sale, this grill & bar business is still very much a major player in the restaurant business here on the coveted eastside.

So, if a couple or partners took over they BOTH could be looking at six-figure annual net incomes from this business, that’s how sweet this business opportunity is. More food for your thoughts on this business is the seller is willing to offer up to 50% seller financing to the right buyer.

This restaurant is all fully equipped and even had a major remodel last year so you the new owner are really getting A LIKE NEW grill & bar. Square footage is 2,990 with a seating capacity of 80 plus, even offers outdoor patio seating too.

This is a self-standing building, so you have this all to yourself. More than 100 free parking spaces for you and yours. Has a fully equipped bar with pull tabs that generate about $100,000 annually. And if all this is not enough there are ways to increase the already solid sales. The current owner only works here part-time, so if you could be more part of the daily operations. That would equal more profits.

Other glaring money opportunities being missed out on this restaurant serves quality breakfasts but does not open until 9 AM every morning. There are some bacon & eggs (Breakfast $$$) being missed out on. No delivery service is offered, this area is thickly populated with homes and people. There are undoubtedly delivery dollars NOT being picked up. Also, no catering dollars are being pursued and captured.

More condiments for you to consider the seller has more than 45 years of operating and consulting experience in restaurants, so he is offering a wealth of great in-depth training as part of this purchase package. There is one more big incentive for you to know about, and it’s a moneymaker (but you’ll have to ask me about the coffee $$$ when we talk).

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Property Features and Assets:

The monthly lease is only $9,600 per month for a self-standing building, 2,990 square footage, seats 80 plus, has patio seating, type 1 hood system, walk-in cooler and freezer, fully equipped bar with pull tabs, big shared parking lot with more than 100 parking spaces available. The current lease expires in 2023 but the landlord is willing to give a long-term lease to the new owner here.

Market Competition and Expansion:

On average 160 paying customers dine in here daily and another 70 orders daily are to go. A very solid profitable foundation is all set up. The current owner only works here part-time, so if you could be more part of the daily operations profits would increase. Another money opportunities being missed out on is this restaurant serves quality breakfasts but does not open until 9 AM every morning. So, if you could open earlier more breakfast and coffee money to be made. No delivery service is offered, this area is thickly populated with homes and people. There are undoubtedly delivery dollars NOT being picked up. Also, no catering dollars are being pursued and captured. This is a very popular restaurant & bar and perhaps none other like it in town. True money turnkey business opportunity.

Reason for Selling:

The owner wants to retire.

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.

Relevant Links:

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