Fully Equipped Restaurant Low Lease High Traffic

Seattle, WA

Seller Financing Available

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Asking Price:$269,000
Gross Revenue:$466,145
FF&E:$9,300
Cash Flow:$120,000
Inventory:$10,000
Established Year:2016
BUSINESS DESCRIPTION

Fully equipped restaurant with all the amenities. Established high traffic location that figures stay high traffic for the foreseeable future. To dive into all the amenities means with this restaurant, you get several type 1 hood systems, a walk-in refrigerator, a walk-in freezer, a big kitchen, lots of storage, and a picture-perfect dining area that seats 75.

Yes, there is 2500 square footage for you to wine, dine, and make money. Currently, Asian fusion cuisine is proudly served here, and to give you an idea as to how much of this Asian fusion food is served here, this restaurant consistently does well over $400,000 every year, and, in 2023, did very close to $500,000.

The seller is even willing to pass on her money recipes to you the new owner. (meaning more value for the purchase price) Yes, this is turnkey if you keep the same food concept.

This fully equipped kitchen allows you to diversify and implement your own good ideas and recipes. But hey, why not learn the top money-making dishes served here so you can keep and build upon the already strong customer base?

The monthly lease here is also quite low and tasty at only $2,575 per month. Lots of life left on it too. Other tidbits for you to enjoy about this restaurant are there is a huge walk-in customer base, has a small, shared parking lot, but lots of NON metered free street parking. Lunch and weekend sales are the busiest times.

Current owner has NO website and NO social media presence and does NO other advertising or marketing. This means the upside sales potential here is really strong and tangible. Seller has health concerns so all reasonable offers will be considered.


DETAILED INFORMATION
Location
Seattle, WA
Inventory
Not Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Monthly lease is $2,575 and current lease expires November 2028. There is an option to renew. The size is 2500 square feet with a seating capacity of 75. Has a type 1 hood system and walk-in refrigeration. Plenty of free parking available. All the equipment is owned except the dishwasher.
Competition
There is strong consistent sales at this restaurant year after year from 2016 when current owner took over. It should be noted these great sales are because of great food and service. Seller willing to train new owner on recipes. Currently there is no alcohol sales here, there is also no attempts to market or advertise. This Asian fusion cuisine restaurant is in a great high traffic location with no similar food competition near by. So with a website and some social media presence the sales here could hit an even higher level.
Growth & Expansion
There is strong consistent sales at this restaurant year after year from 2016 when current owner took over. It should be noted these great sales are because of great food and service. Seller willing to train new owner on recipes. Currently there is no alcohol sales here, there is also no attempts to market or advertise. This Asian fusion cuisine restaurant is in a great high traffic location with no similar food competition near by. So with a website and some social media presence the sales here could hit an even higher level.
Financing
With at least 70% cash down no exceptions, seller financing is case by case basis
Support & Training
Seller willing to train buyer on all aspects of business to include her successful recipes
Reason for Selling
Seller has health concerns that are forcing her to sell
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David
Smith
The Agency NW RE
David Smith