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Rare Opportunity to Control Occupancy Cost with 25 Year MortgageThis business is an iconic American diner that has withstood the test of time for over 25 years in King County, Washington. Located in a community with a population of under 15,000 this acquisition opportunity includes both a business that did over a million in revenue last year and the associated real estate.Known for huge portions and friendly service, the business has garnered fanfare both locally and nationally, including being featured on the Food Network’s “Diners, Drive-Ins, and Dives”, drawing patrons from nearby as well as those willing travel a distance to enjoy the experience. The business is situated on a 10,000 square foot lot in a single occupant building constructed in 1970 with 3,156 square feet of floor space and an additional vacant lot that is currently used for customer parking. Opening at 6:00 AM seven days a week, the menu features traditional breakfast fare such as scrambles, hashes, omelets, steak & eggs, pancakes, waffles, and French Toast along with traditional morning cocktails before transitioning to comfort food and satisfying lunch & dinner favorites. On location sales are augmented by delivery services (Doordash).The staff of the business fluctuates between 15-20 full & part-time individuals depending on seasonality including a chef acting as store manager. Current ownership provides executive oversight and administrative support for the business, but is not involved in day-to-day store operations.
Pet supplies and self- washing/grooming in desirable dog friendly neighborhood. Building offers amazing street corner frontage with parking and easy pickup/drop off. Fantastic rent! Truly turnkey business opportunity with full time management in place.
Strong $300,000 Monthly Revenue Most of the YearThe business acquisition opportunity is a community favorite market occupying slightly under 15,000 square feet of retail space that merchandises to its customers a mix of organic produce, in-house baked goods, deli items, a large selection of alcoholic and non alcoholic beverages, and a selection of locally sourced lifestyle products that make perfect gifts.The staff of the business consists of approximately 20 long tenured full & part-time individuals. Current ownership provides store management, executive oversight, financial planning, and niche merchandising.The present rent amount for use of the space is $11,000 plus an estimated $6,250 in triple net charges. The present lease runs through June 30, 2032 with an option to extend through June 30, 2037. The current lease also includes right of first offer to purchase real estate.
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Asking Price: $199,000
