50% Seller Financing Profitable Grill & Bar

Kirkland, WA
King County

High Traffic Street


Asking Price: Annual Revenue:
$995,000 $1,070,529

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 50% Seller Financing Profitable Grill & Bar Broker: Becky SMITH
Owner Financing is Available!
Up to 50% seller financing strictly on a case by case basis

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,070,529
Net Profit: $118,358
Cash Flow: $118,358
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 20
BBN Listing #: 812451531
Broker Reference #: gmgrlkirk

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Business Overview:

Million-dollar family-friendly restaurant grill and bar for sale right here on the eastside. Even when the Covid pandemic hit this restaurant still did OVER a million dollars in sales last year. Lots of new FF&E (furniture, fixtures, and equipment) as owner just recently spent $60,000 on remodeling the dining and kitchen. To help the new owner the seller is even willing to carry 50% of the purchase price and throw in his award-winning recipes. With the remodeling and proven great recipes, you will be looking and tasting good for years to come.

Self-standing building with all free parking, more than 100 spaces. Fully equipped with a type 1 hood system, 56” inch grill, 2 walk-in coolers. Seats 81 but even has some 24-patio seating for when the mood and weather permits. Almost 3,000 square feet, 6 HD flat-screen TVs, and a POS system all included.

Currently serves breakfast, lunch, and dinner and as you would expect for being here for more than 20 years has quite a loyal customer base built up for the new owner. The current owner spends only limited time here and he still nets well into the six figures. If you the new owner wanted or could be more of a daily fixture here the already great profits would go up even more.

This restaurant and grill offer bar and pull tabs but make no mistake this is a family-friendly place. Many of the regulars come here for good food and the family-friendly atmosphere. Another way to increase the sales is this restaurant currently opens at 9 AM so many breakfast sales are going missed out on. Very little if any breakfast competition close by. Other areas of picking up more profits are, there is no delivery service being done and no catering being done or even offered. So new owners could tap into either or both of these cash revenues as well.

On average 160 paying customers come through the front doors daily. Also, 70 or more to go orders daily as well. Another crispy tidbit to know is if you pay all cash on the purchase price a significant discount could be had on the purchase price. How sweet is that?

Seller wants to retire but another benefit to you is the seller has extensive restaurant and bar consulting experience and he is willing to offer and help buyers all the way through the transition period, perhaps even longer. This restaurant grill and bar is a profitable winner and figures to be a winner for many years to come.

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Property Features and Assets:

The monthly lease is $9,600 Triple Net included. Seller pays his own water and garbage. The lease is assignable and renewable. The current lease expires in 2023 but the landlord is willing to give an extended lease to a new owner of the business. Square footage is 2,990 with a seating capacity of 81 inside and 24 additional seating on the patio. Fully equipped kitchen with 2 walk-in coolers, 56” grill, and a type 1 hood system. A fully equipped bar with 30 money-making Pull Tabs (generates about $100K annually). Big all free 100 plus parking lot. $60,000 in FF&E upgrades just recently.

Market Competition and Expansion:

The simplest way for new owners to increase profits is just a part of the daily operations as the current owner works only limited hours. Another way to increase the sales is this restaurant currently opens at 9 AM so many breakfast sales are going missed out on. There is a breakfast crowd in this area and very little if any breakfast competition close by. Other areas of picking up more profits are, there is no delivery service being done and no catering being offered or done. So new owners could tap into either or both of these cash revenues as well. A profitable foundation is already set up for you. This is the only neighborhood restaurant grill and bar in the neighborhood.

Reason for Selling:

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.

Relevant Links:

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