Million Dollar Restaurant only $259,000

Edmonds, WA
Snohomish County

on Main Street, high traffic location


Asking Price: Annual Revenue:
$259,000 $1,051,033

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Million Dollar Restaurant only $259,000 Broker: OBecky Smith
Owner Financing is Available!
With 75% cash down strictly on a case-by-case basis

Quick Facts

Asking Price: $259,000
Annual Revenue: $1,051,033
Net Profit: $343,606
Cash Flow: $343,606
Total Debt: Not Disclosed
FF&E: $5,822
Real Estate: Not Disclosed
Year Established: 2017
Employees: 6
BBN Listing #: 70251531
Broker Reference #: fdsedm

Email or Print Listing

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Business Overview:

Highly profitable Asian cuisine restaurant does over a million dollars in sales annually. This restaurant is located in a very high-traffic location. Fully equipped, with a type 1 hood system in the kitchen and a walk-in cooler.

Only about 1200 square feet, so it’s cute and small, the monthly lease is also cute and small at only about $3200 monthly. You have to know most million-dollar producing restaurants are usually paying quite a bit more on the monthly lease. (usually, at least double this monthly rent or even considerably higher than double).

With the monthly lease so low you will be in the profits early every month. The seller does consistently over $80,000 a month in sales, well over a $300,000 annual net income. A million dollars of positives on this one.

These sales are also impressive when you know that little or no marketing and advertising has been done. It’s all done with great food, great service, and a location that stays busy well into the night. That’s a lot of table-turning dollars for you to pick up too.

Even though Asian cuisine is being served here this fully equipped kitchen and busy location are a solid foundation for any food concept that you may have in mind. Even with the solid sales numbers, there are solid ways to increase these profits, no beer or wine is being served even though there is a demand for it.

No delivery service is being offered, this no delivery is perhaps a big missed opportunity. No marketing or advertising is being done. No active approach is taken to go after any catering dollars. So there are lots more dollars and cents that could be here for the new owner.

Other hot things from the grill you should know, this restaurant is 5 years established, so there is a big loyal customer base already lined up for you. Signage and visibility are good from the street. Parking is free and there is enough of it. There is little to no similar same food competition close by in the area.

The asking price of this business is really a giveaway price for the number of sales that are generated here. Maybe for the right buyer and the right offer the seller might be persuaded to share some of his popular $$$ dishes. As far as restaurant opportunities this one here is hot, ready, and should go fast. Give me a call, and let’s trade words.

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Property Features and Assets:

The monthly lease is $3,200 per month, tenant pays $700 for their own water. The current lease has a lot of life left on it, it does not expire until Aug 2031. Square footage is 1200 sq ft and has a walk-in cooler and a type 1 hood in this fully equipped kitchen. Booth-type seating. Free parking in a shared shopping plaza.

Market Competition and Expansion:

No delivery service is being offered, this no delivery is perhaps a big missed opportunity. No marketing or advertising is being done. No active approach is taken to go after any catering dollars. Very turnkey, if you keep the same concept you will be making good money from day one. There is little to no similar same food competition close by in the area.

Reason for Selling:

Chef is retiring

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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