Fast Serve Cafe with Catering & Wholesale Accounts

Seattle, WA
King County


Asking Price: Annual Revenue:
$150,000 $2,250,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fast Serve Cafe with Catering & Wholesale Accounts Broker: Oliver Kotelnikov
Owner Financing is Available!
The sale price includes an earn-out component to allocate risk between the buyer & seller.

Quick Facts

Asking Price: $150,000
Annual Revenue: $2,250,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 506835781
Broker Reference #: FCD2020

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Business Overview:

This business is a well-known, fast casual food-service establishment in the downtown Seattle commercial core. The widely recognizable, reputable local brand operates a high volume, efficient, quick serve business model out of two prime locations in close proximity. Both concepts are established and cater to a diverse, multi-decade clientele primarily in the weekday only, breakfast, lunch, and espresso sector. The business utilizes its strong retail presence and existing operational efficiencies to generate significant additional revenue from seasoned corporate and delivery accounts. Long-time clients include hospitals, grocery stores, hotels and hospitality groups, and a national chain of locally based retail outlets.

Facilities underwent a full-scale remodel in 2016 with all systems and equipment upgraded and optimized to accommodate growing retail traffic and rapid expansion into wholesale and catering segments. The current business model and operations were designed for growth and versatility. Both restaurants feature an efficient layout, high-end equipment, a modern build-out and ambiance, digital menu boards, and latest point of sale and inventory systems. The existing goodwill of the business and a substantial operational infrastructure that includes furniture, fixtures, equipment, recipes, know-how, and trusted customer and vendor relationships provides tremendous flexibility for entrepreneurial vision to build on or to pivot the business model to accommodate new and presently undeserved market demand. This is a unique opportunity to own an iconic regional foodservice operation on a turnkey basis with tremendous upside growth potential.

The existing business model operates Monday-Friday and is closed on evenings and weekends. Historical revenues have remained consistent and are not subjected to seasonal variability. Predictability of the business cycle and operational savings associated with accurate forecasting, purchasing, and scheduling are attributable to the repeat nature of the breakfast, lunch, and wholesale customer demographic. Absence of weekend and evening operations is a rare commodity in the restaurant business and has afforded the current owners and staff a favorable work life balance translating into strong employee rapport and retention rates in challenging labor markets. A seasoned staff is expected to stay on through the transition.

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

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Reason for Selling:

Retirement

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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