Million Dollar Restaurant Great Seattle Location

Not Disclosed, WA
King County

just minutes to downtown Seattle or the Eastside


Asking Price: Annual Revenue:
$525,000 $1,751,074

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Million Dollar Restaurant Great Seattle Location Broker: David Smith
Owner Financing is Available!
at least 70% of purchase price cash down and even then, strictly a case by case basis

Quick Facts

Asking Price: $525,000
Annual Revenue: $1,751,074
Net Profit: $1
Cash Flow: $1
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 40
BBN Listing #: 594851531
Broker Reference #: thislanmer

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Business Overview:

A major well-known restaurant and bar for sale. Almost 20 years established pushing two million in sales annually, consistently. For the large part, it has a captive customer base yet is just minutes to downtown Seattle or anywhere on the Eastside. So, this is really a great location!

At almost 10,000 square feet and a seating capacity of 260, this can accommodate even the largest of parties. Even some outdoor patio seating is available. The furniture, fixtures, and décor are top class all the way. Offers a full bar/ lounge that seats about 70.

This fully equipped kitchen can do it all and take on pretty much any food concept. Has large walk-in refrigeration units one freezer and one refrigerator and lots of dry storage space. So, this is a great opportunity for a new owner, all the tools to be successful are in place already.

Current owner is almost absentee, meaning the sales would be EVEN HIGHER if an owner-operator was in place to manage on a day to day basis. A more hands-on owner would also be able to better utilize the labor force in a more productive and less costly manner. With the size of this restaurant and the high sales volume that this restaurant achieves every month, an experienced restaurant owner/ buyer is preferred.

Currently, open 7 days a week and serves breakfast, lunch, and dinner but there is still really good potential to expand on the already high sales. Because the current owner is not part of the day to day operations, delivery sales are being missed out on. With a loyal customer that goes back almost 20 years and a somewhat captive customer base, there is surely some big sales numbers being missed out on by not offering a delivery service on the menu. Another new item to the menu that should be added is some catering options. Currently catering is not being marketed or done. With this great location that is centrally located and this fully equipped kitchen, you could be a dominant player in the catering game if you wanted to play.

This restaurant is a first-class high end build out, for sure. Even the monthly lease is very good considering this location and the size of this restaurant and lounge. Lots of time and options left on the lease as well. Fifty to sixty parking spaces available in garage parking. Little or no competition anywhere close by, especially if this restaurant fully flexes its muscles and utilizes all that it has to offer.

Seller wants to retire so is motivated to make a win, win deal for a qualified buyer. He’s even willing to offer some seller financing for the right buyer. This restaurant has it all, location, size, fully equipped kitchen, full bar and lounge, solid lease, almost 20 years established with a loyal customer base. Email us to get more information or to set up a tour.

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Property Features and Assets:

Nine thousand nine hundred thirty square feet (9,930 SQ FT) seating capacity is 260 even outdoor patio seating available. Full bar and lounge that seats about 70. Furniture, fixtures, and décor all first class. This fully equipped kitchen has space and equipment to cook up any type of cuisine. Has large walk-in refrigeration units one freezer and one refrigerator and lots of dry storage space. Fifty to sixty parking spaces are available in garage parking. More street parking is also available. Easy freeway access and just minutes to downtown Seattle or the Eastside. Perfect location for taking on catering accounts.

Market Competition and Expansion:

Current owner is almost absentee, meaning the sales would be EVEN HIGHER if an owner-operator was in place to manage on a day to day basis. A more hands-on owner would also be able to better utilize the labor force in a more productive and less costly manner. Current ownership/ management is not even touching the catering market dollars or the delivery service market dollars. Here are two very big areas of missed possible sales. There is NO similar competition of size and ability to this restaurant anywhere close by.

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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