Fully Equipped Restaurant, Great Lease Downtown

TACOMA, Washington

Asking Price	$110,000	Year Established	2022
Annual Revenue	$561,100	Reason for Selling	Seller wants to downsize
Annual P/L	$0	Attention	David Smith
Annual Cash Flow	$0	Listing Number	1010762
# of Employees	10	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

Established and fully equipped restaurant with all the bells and whistles. This is fine dining at its finest. Beautiful furniture and fixtures. A spacious open floor plan of 5,000 square feet. Offers private booth seating and a full bar.

This kitchen is a chef’s playground with a type 1 hood, walk-in refrigeration, plenty of storage space, and room enough for a big chef to make big things and all the little chef helpers.

This is located in the downtown area, where there is a huge customer base for you to cater to. There are colleges, theaters, and businesses galore just a walk or short drive away. So, for customers and possible employees, you’d be looking good.

There is excellent potential with this restaurant, as the current owner is an ABSENTEE OWNER here. Current owner is paying full staff to include an executive chef and a front of the house manager. On top of this, the restaurant only serves dinners 4 nights a week. (For a total of only open 24 hours a week). The lease here is also somewhat worth bragging about, with lots of time left on it and at only $5,500 per month.

This restaurant does over half a million in sales annually, but with an owner-operator in place daily, these sales could stretch to $600,000 or $700,000 annually with a solid six-figure net income.

Other kinds of food concepts that probably would do well here are a diner or Indian cuisine. Or perhaps take advantage of this space and sublease this restaurant out in the mornings to a Chef du Petit Dejeuner (which means breakfast chef). It’s win-win as the breakfast chef could get a very low sublease but have access to a beautiful restaurant set up.  Also, for you, the new owner, it’s an excellent extra passive income. That sentence even tastes good!!!

Property Features and Assets:

<p>The monthly lease is $5,500 with the triple net included. Current lease expires in May 2028 and does have a 5-year option to extend. Has 5,000 square feet with seating for 85 inside and room for more seating outside. Is fully equipped with a type 1 hood system set up and a walk-in refrigerator. Plenty of refrigerated and dry storage is available. Top-of-the-line furniture and fixtures. Has a full bar setup. Street parking.<br></p>

Market Competition and Expansion:

<p>There is excellent potential with this restaurant, as the current owner is an absentee owner here. Current owner is paying a full staff to include an executive chef and a front of the house manager. On top of this, the restaurant only serves dinners 4 nights a week. (For a total of only open 24 hours a week). Lots of missed sales. With an owner operator in place daily and adjusting the operating hours, some if not many, of these expenses could be erased, and profits would surely rise.  If you keep the same concept, also included in this purchase are social media accounts, Instagram, Facebook, TikTok, with about 5,000 followers, and an email list of about 6,000 names. No same food concept competition.<br></p>

Additional Details: