#1661

High Profit Award Winning Restaurant Located on Busy Street

$300,000

Selling Restaurants presents this highly profitable award winning restaurant centrally located on one of the busiest streets in the city. The restaurant has averaged consistent profits over the last four years and has been SBA loan approved up to $325,000. The restaurant boasts a spacious open floor plan with a beautiful fish tank as an attractive centerpiece. The good size kitchen includes a walk in cooler, walk in freezer, grill, woks, and large type One hood. The great location includes high visibility signage and a large parking lot that allows easy access for customers. Start the year off right by owning this great location and highly profitable restaurant. This is an Add Value Alliance, Inc. listing.

Agent - SEO Management John Powers DRE License #WA # 100306

Lease

Region:

Lease Term:

Expires October 2010 with 5 year Option

Total Monthly Rent:

$5,600

Financials

Last Year's Annual Gross:

$534,000

Last Year's Owner's Cash Flow:

$140,528

Operations

Liquor License:

beer and wine

# of Full-Time Employees:

# of Part-Time Employees:

# of Family Employees:

Hours Open:

Open 11 AM to 10 PM 7 days a week.

Year Established:

2004

Hood System Type 1:

Yes

Facilities

Indoor Seating:

150

Inside Sq. Ft.:

3,000

Highlights

SBA Loan Pre-Approval + $25,000 Working Capital
Award Winning Restaurant
large Picture Windows
Located in Rapidly Growing City
High Ceilings!
Furniture, Fixtures, & Equipment Included in the Sale
Highly Visible Signage
Large Parking Lot with Plenty of Parking!
Large Tropical Fish Tank

Financing

Will SBA Finance:

Yes

Will Seller Lend To Buyer:

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	24,682	35,434	162,429
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	8,609	12,398	55,549
2010 Persons Per Household	2.58	2.61	2.73
Median House Value	$243,400	$244,989	$234,936
Income Per Household	$60,056	$60,559	$65,884
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	808	992	2,715
2012 Number Of Employees	22,028	26,836	66,566
2012 Total Annual Payroll	$385,874,000	$498,720,000	$1,227,754,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.