Profitable Seattle Full Service Restaurant and Bar

Not Disclosed, WA
King County

King County

Asking Price: Annual Revenue:
$439,000 $1,251,620

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Seattle Full Service Restaurant and Bar Broker: Judy Elrod

Quick Facts

Asking Price: $439,000
Annual Revenue: $1,251,620
Net Profit: Not Disclosed
Cash Flow: $182,652
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 20
BBN Listing #: 8564955
Broker Reference #: 8004-12029

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Business Overview:

Extremely profitable, strong cash flow, consistent performing well known local restaurant in a vibrant location in Seattle. Good reputation for quality food. Fantastic location. Many accolades including Best Cocktails, Best Happy Hour and Best Eats in the Neighborhood. One of the best growing neighborhoods in Seattle. Busy Bar makes up 20% of sales. Turnkey. Ready for new owner to step in and start making money on day one.

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Property Features and Assets:

Rent is very favorable for the area and owner has negotiated a long term lease with very modest fixed increases through 2028. Attractive and enjoyable atmosphere. Kitchen and restaurant are well maintained. Assets = $400,000

Market Competition and Expansion:

In this vibrant area there are several other establishments. Still this restaurant has been able to thrive and build a loyal clientele. Open daily for dinner only. A new owner can expand hours. This is just one example of room to grow.

Reason for Selling:

Owner relocating out of state.

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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