Full Restaurant, Self-Standing Bldg, Busy Location

Federal Way, WA
King County

High traffic st


Asking Price: Annual Revenue:
$250,000 $595,475

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Full Restaurant, Self-Standing Bldg, Busy Location Broker: David Smith
Owner Financing is Available!
80% down strictly case by case basis

Quick Facts

Asking Price: $250,000
Annual Revenue: $595,475
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 10
BBN Listing #: 557851531
Broker Reference #: dsophofed

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Business Overview:

Self-standing building, 5,000 square feet 2 kitchens 20-foot type 1 hood system in place. Lots going on with this one. One kitchen used for bakery and wholesale accounts and the bigger kitchen is used for the full restaurant activities.

A big open spacious floor plan that seats 120 people. Nice modern furniture and fixtures are part of the sale. Located with great signage and visibility on the main street in town. Has a big parking lot in back of the building.

Should do $600,000 this year in sales and owner is NOT full time here with his hand on the controls. And it should be noted he has only owned this restaurant for a year so to hit $600,000 the second year says a lot about this restaurant and its location.
Lots of ways to build on the already solid sales numbers, if the new owner was more a part of the day to day operations would be a good first step. The open floor plan lends itself well to karaoke or live entertainment type events. Currently serves beer and wine but there is quite a demand for hard liquor and this restaurant does not serve it. Karaoke always sounds better when hard liquor is served don’t you know.

Dinner is 60% of the sales and the lunch sales are 40% of the sales is a basic idea of the sales breakdown of which you can build upon. Currently just serving lunch and dinner so another solid idea to increase the income might be to sublease the 2nd kitchen and offer a breakfast menu. Especially with the bakery and the very high traffic street right outside the front door. This is a perfect set up for a breakfast menu. This would keep this restaurant humming with customers from early in the morning till late at night.

Yet another way to increase the sales numbers is to get deeper into the catering and wholesale markets. This restaurant has the size and tools to be a big player in so many ways. For the size and location of this restaurant, the lease is excellent and is only $6,500 per month.
Great sales with lots of potential for even greater sales. If you are looking for a great set up with a lot of moving parts than come check out this one.

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Property Features and Assets:

The base lease is only $5,000 a month with a $1,500 monthly triple net cost. Lease expires May 2023 and has a 5-year option to renew. Self-standing building, 5,000 square feet 2 kitchens 20-foot type 1 hood system in place. A walk-in refrigerator and freezer. Seating capacity is 120, has a big parking lot in back of building so parking is not a problem. Even has offers a good-sized office. Signage and street visibility are excellent.

Market Competition and Expansion:

Great sales already but lots of ways to expand upon these numbers because this location is so good. If a new owner was more a part of the day to day operations would be a good first step. The open floor plan lends itself well to karaoke or live entertainment type events. Serves beer and wine but has a demand for hard liquor so could put in a full bar or lounge. Serves lunch and dinner so another idea to increase the income might be to sublease the 2nd kitchen and offer a breakfast menu. This is a perfect set up for a breakfast menu. Another way to increase the sales numbers is to get into the catering and wholesale markets.

Reason for Selling:

Seller wants to pursue other 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 a franchise resale opportunity.

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