Business For Sale

Full Service Restaurant & Bar-Price Reduced

Seattle, WA
King County


Asking Price: Annual Revenue:
$500,000 $1,948,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Full Service Restaurant & Bar-Price Reduced Broker: Damon Pistulka
License #: 109898
Owner Financing is Available!
$200K Down and Seller Financing

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,948,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $568,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 40
BBN Listing #: 840041311
Broker Reference #: 4000

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Business Overview:

The owner is motivated to sell and the price has been reduced accordingly! Full Service Bar & Restaurant located in a prime location in the Seattle/Bellevue area. This business has been an iconic neighborhood watering hole in the community since 2000, and in 2013 moved to a new location and converted to a full-service bar and restaurant.
* LOCATION, LOCATION, LOCATION
* First Class Build-Out
* Established, Loyal Clientele, 18-years
* Breakfast, Lunch & Dinner

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Property Features and Assets:

This facility is a 4,500 Square Feet space located in a mix use property of retail and residential. The restaurant is well designed to accommodate a variety of concepts. The kitchen layout is equipped to handle high volume and many different types of cuisine. Spacious dining room that seats 96 and outdoor patio that seats 21. Unique bar area complete with big screen televisions, inviting ambiance and neighborhood feel. The bar area can comfortably accommodate up to 70 people.

Market Competition and Expansion:

Great LOCATION. This business has great foot traffic from nearby residents and surrounding businesses in a locale that is recognized as one of the premier neighborhoods in the Seattle. Area patrons are known for their strong support of local businesses and the convenience of this location has created a well-known neighborhood hot spot. The business is in the top quartile in sales in the region for restaurants and would benefit from a more hands-on owner/operator. Bring your own concept or keep the current model.

Reason for Selling:

Retirement

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 not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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