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Iconic waterview restaurant

King County, WA
listing image
Asking Price:$240,000
Gross Revenue:$634,996
Established Year:1996
Cash Flow:$62,680
Rent:$5,500/Month
Listing ID: 2273768Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turnkey prime location; great opportunity!

Well established casual restaurant overlooking Lake Washington. This is a very rare turnkey opportunity to own one of the oldest and best-loved restaurants in a growth area filled with tech employees, families, and foodies. Great view, recently upgraded interior and exterior space.

Loads of tenant improvements over the past five years. New equipment and fixtures, new furniture, updated sourcing and menu (or bring your own).
Includes (but not limited to):

Fully equipped kitchen with type 1 hood, fryers, grill, drawer fridge, salad bar style cooler, freezers and more.

Fully remodeled space with quartz counters, LVP floors, new bar, upgraded designer bathroom, and more.

Beautiful new deck with water views, new furniture, custom designed rail & gate/Trex decking system, umbrellas, lighting, and more.

Fully equipped with soda gun dispensing system, CO2 setup, large walk-in, multiple freezers, storage area, dish and prep pit, and more.

New back deck/stairs, updated storage shed, new roof, and more.

DETAILED INFORMATION
Location
King County, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
990
Lease Expiration
31/10/2028
Employees
10
Facilities
Includes Furniture, Fixtures, and Equipment including appliances and kitchen equipment, bar setup and equipment, glassware, tableware, cooking tools. POS system is fully owned/purchased and includes printers, terminals, card readers. Parking is $1/hour in the lot, tons of foot traffic. Free street parking available. Loading zones front and back.
Competition
Prime location, established name, solid area. Lots of other restaurants in the area, as well as plenty of new residential condos, apartments, and a great, walkable town. Potential buyers will be required to sign an NDA, submit to a questionnaire and send a personal financial statement. Only serious inquiries from qualified, experienced applicants, please.
Growth & Expansion
Growth opportunities include catering, 3rd party delivery services, brunch, private events.
Support & Training
Buyer will provide one month of ongoing support as well as contact information for all vendors, suppliers, maintenance providers, city contacts, etc.
Reason for Selling
Retiring
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Business Listed By:
Not Disclosed
Listed By: Not Disclosed