Fully Equipped Turnkey Asian Restaurant Lynnwood

Lynnwood, WA
Snohomish County

taspholynn


Asking Price: Annual Revenue:
$75,000 $296,948

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fully Equipped Turnkey Asian Restaurant Lynnwood Broker: David Smith
Owner Financing is Available!
80% cash down strictly case by case basis

Quick Facts

Asking Price: $75,000
Annual Revenue: $296,948
Net Profit: $1
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $7,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 3
BBN Listing #: 911451531
Broker Reference #: taspholynn

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Business Overview:

Fully equipped Asian restaurant with type 1 hood and walk-in refrigeration in place. Established and turnkey in a high traffic location with the very strong potential to get very much more high traffic in the near future. Just blocks away (walking distance) new light rail system being put in. Work has already been started so this busy location figures to be overflowing with people (customers) in the near future. It’s pretty tangible potential for you the new owner.

This fully equipped restaurant 1800 square feet and seating of 70 can handle large parties and just about any food concept that you want to do. However, if you keep the same Asian food concept then you can build on the current owner’s 9-year loyal customer base that is built up.

Probably for the right buyer would even be willing to share a few of the more popular dishes. You could even use the same website as it is included in the sale. This high traffic location which also has major hotels close by so there are even more customers that you can cater to.

Another way to increase profits is to offer a delivery service. Yet still another way to increase the sales is to network the many hotels and other businesses for catering and lunch or dinner specials as currently is not being done. There is plenty of parking, easy in and out driving and close to the freeway. Signage and visibility are also good from the street.

The landlord is willing to give long term lease to the new restaurant owner. All equipment is owned and included in the sale. Owner and wife want to retire is the reason for selling, they are very motivated to make a deal. This restaurant is profitable but will be very much more profitable when the lite rail system is completed in the near future. So, this asking price is very cheap for this diamond in the rough.

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Property Features and Assets:

The monthly base lease is $4,130 with a monthly triple net of $1,250 total monthly cost is $5,380.. The landlord is willing to give long term lease to the new restaurant owners. 1800 square feet with a seating capacity of 70. Fully equipped kitchen with type 1 hood and walk-in refrigeration. Plenty of storage, plenty of parking and good signage and visibility from the street.

Market Competition and Expansion:

Business on verge of a major increase in customer flow in the area as in the near future the lite rail transit is putting in a major center just a block or two from this restaurant. Work has already started on this lite rail project. It should have a major positive impact on the customer base at this shopping plaza. This restaurant is already established with major hotels close and a busy street location that figures to get a lot better. Other ways to increase the profits is to offer delivery service and to network the many hotels and other businesses for catering and lunch or dinner specials, currently not being done. There is no social media presence at all. There is a great foundation here on which to build on.

Reason for Selling:

Seller 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 a franchise resale opportunity.

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