Fast Casual Food Service - Capitol Hill Food Mecca

Seattle, WA
King County

Asking Price: Annual Revenue:
$475,000 $1,934,339

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Fast Casual Food Service - Capitol Hill Food Mecca Broker: Oliver Kotelnikov
Owner Financing is Available!
The seller will finance $275,000 of the transaction for a qualified buyer.

Quick Facts

Asking Price: $475,000
Annual Revenue: $1,934,339
Net Profit: Not Disclosed
Cash Flow: $230,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 299635781
Broker Reference #: FC2020S

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Business Overview:

This business is an iconic Seattle fast casual restaurant in a high foot traffic location in foodie central. Independently owned and operated for over two decades, the business has built a widely identifiable local brand and a fiercely loyal following. Recognition and organic growth of the brand have allowed the business to continue increasing sales and profitability year over year. A strong operational infrastructure and a streamlined set of processes have created an efficient business model that consistently generates reliable cashflow to ownership. The concept is highly profitable, scalable, and primed for growth.

In accordance with the owners’ vision, the restaurant continues to use all original recipes, proprietary preparation methods, only the finest ingredients, and maintains a strong commitment to a made from scratch philosophy. The menu shines with creativity, regional flare, attention to detail, and is untouchable by the competition. The resulting stellar lineup of unique, culinary creations is acknowledged as the best in its category and is the perennial recipient of the most coveted local, regional, and national foodservice awards and accolades. Beer, wine, and cocktail service is available in the dining room. The business accommodates a large volume of pick up and to go orders and effectively utilizes mobile delivery platforms to boost sales.
The restaurant is open seven days a week for lunch and dinner and caters to a wide customer demographic. Years of service, brand recognition, and a prime location in the densely populated residential neighborhood provide a reliable base of regular customers. The restaurant is also a popular destination for visitors and the downtown lunch crowds. Operating hours extend into the evening to capitalize on late-night diners and the busy night life present in the area.

A seasoned staff is in place to oversee the success of day to day operations. Ownership fills predominantly executive and administrative roles and is presently contributing less than one FTE to the labor of the business.

The lead business broker at IBA for this company is Oliver Kotelnikov. Please contact Mr. Kotelnikov.

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Property Features and Assets:

The business operates efficiently out of just under 2,000 square feet of space. Present occupancy costs include $4,310 in monthly base rent and approximately $980 in NNN charges. The business is in the fourth year of a five-year term with an option for an additional five-year term through 2027.

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.

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