Pike Place World Class Deli PRIME location!

Seattle, WA
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Sale Pending
Asking Price:$895,000
Gross Revenue:$1,194,000
FF&E:$500,000
Cash Flow:$347,000
Rent:$3,630
Established Year:2001
BUSINESS DESCRIPTION

SBA approved by Umpqua bank. Trade name not included. Award winning restaurant Located in the heart of Seattle's historic Pike Place Market. Popular restaurant known for its delicious sandwiches, salads, and other freshly made gourmet food options. It has garnered a strong reputation for offering high-quality ingredients and unique flavor combinations. Whether you take your food to go or sit at the window overlooking the market, this venue provides you with great local food with international flair for your Breakfast, Lunch or Dinner

Rated 4.5 stars in yelp and google reviews.
The Pike Place Market is the 31st most popular tourist site in the world! Come be part of Seattle history!

2021 Gross: $893,507, Net: $192,863
2022 Gross: $1,017,000 Net: $202,000
2023 Gross : $1,194,000 Net: $347,000


DETAILED INFORMATION
Location
Seattle, WA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,008
Lease Expiration
01/11/2026
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Built to produce! This kitchen had a major overhaul in 2018 with new equipment, plumbing, and new dedicated walk-in cooler and storage, and Type I hood. Seller keeps equipment well maintained. **Most tenants in the Market have communal walk-in and storage.
Competition
Pike Place Market is a vibrant and competitive marketplace. Iconic public market that attracts both locals and tourists. Unique charm, historic significance, and the sheer variety of offerings make it a destination that continues to draw in crowds.
Growth & Expansion
Owner has grown business outside of Market, so trade name is not included. Great for owner-operator with a vision for food and customer service. *Has been approved by UMPQUA to purchase without trade name. Sky is the limit Best location in the Market!
Financing
Pending sellers approval on terms and financials
Support & Training
After closing
Reason for Selling
Owner has other interest
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Vantage
Commercial Partners
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Vantage Commercial Partners