Business Overview:
Fully equipped small restaurant on the eastside. High traffic Redmond location close to Microsoft and Bellevue. Has a type 1 hood and 14 years established serving the same food concept. So if new owner wanted to keep this restaurant moving in the same direction a big and long customer base is already built up for you.
But this fully equipped kitchen allows new owner to take on just about any food cuisine that they have in mind. At only 870 square feet in size this is the perfect set up and location for grab and go, fast food or small café dining operation. Does have a dine in seating capacity of 34.
Lots of solid big name anchor businesses surround this little gem that keep this area hopping with people activity. The lease here is also quite low at about 4K a month. For a prime spot in Redmond that’s a pretty good and low monthly lease.
Is owned and operated by a mom and pop with NO website, NO social media presence, NO marketing or advertising, NO attempts at catering accounts and is closed on Saturdays and Sundays. So lots of sales/dollars/profits left outside the front door every week.
Seller says he still does about $1200 a day in sales so if you do the math that’s about $100,000 a year missed sales. This is a cash business, nonfranchise so lots of creativity perfect for a young restaurateur trying to get their foothold in the food industry. Or an experienced couple trying to stay busy.
This is a 5-star location, very busy, a no brainer money making location. Other delicious tidbits to nibble on there is not much same food competition close by. This is a low crime area. As a bonus the sellers are willing to include all the inventory in the purchase price so remember to ask.
There is lots of parking and very easy in and out access for your customer base. If you are looking to buy a small restaurant that is fully equipped that has a great location then you should make some time and check this here one out.
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Property Features and Assets:
Monthly lease is $4,057 that’s with the Triple Net included. Lease expires Oct 2023 but landlord willing to give new owner long term lease. Has Type 1 hood system in the kitchen. There is no walk in refrigeration but there is plenty of refrigeration and storage space. About 870 square feet in size. Has a dining area that seats 34. Plenty of FREE parking. Located on a busy street, in a busy shopping plaza.
Market Competition and Expansion:
Lots of simple ways to expand on the already good daily sales. There is NO website, NO social media presence, NO marketing or advertising, NO attempts at catering accounts and is closed on Saturdays and Sundays. So lots of sales/dollars/profits left outside the front door every week. Little same food competition close by.
Reason for Selling:
Owners want 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 a franchise resale opportunity.
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