This restaurant is located centrally on a major highway off the South I-5 Corridor between Seattle and Olympia. The restaurant is creatively designed inside making each diners experience a unique and intimate one. There is a nice outdoor patio waiting area outside and a small classy full-service bar inside for a round of fine dinner drinks. The kitchen is fully equipped with good quality equipment that is very well maintained and very clean. This is a true family-style restaurant and atmosphere that is locally recognized and has become a destination for fine affordable Italian dinning. To help ensure a smooth transition and to retain the well established customer base, the new owner will have the opportunity to receive up to 100 hours of free training from the chef himself. This will help ensure a smooth transition in order to retain the well established loyal customer base. Take advantage of the opportunity to learn from an exceptional chef and own a proven successful award winning restaurant. The real estate with large parking lot is also available for purchase.
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This is an Add Value Alliance, Inc. listing.
Agent Mary Keller Wynn
Lease
Region:
Seattle Restaurants For Sale
Lease Term:
July 31, 2013 + New Lease Negotiable
Total Monthly Rent:
$2,660
Financials
Last Year's Annual Gross:
$453,777
Last Year's Owner's Cash Flow:
$54,913
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
22
Operations
# of Full-Time Employees:
4
# of Part-Time Employees:
2
Hours Open:
11:30AM-4:00PM Fridays
4:00PM - 9:00 PM Tuesday-Saturday
Closed Mondays
Highlights
- Award Winning Italian Cuisine
- Fine Imported Italian Wines
- Large Effecient Kitchen with Huge Walk in Cooler
- Owner/Managers Office in Back
- Warm and Inviting Atmosphere
- Seats 70 with Comfortable Booths & Tables For an Intimate Dining Experience
- Establish Loyal Customer Base
- Located on major highway
- Easily Recognizable Building and Signage
- Nice and Clean Kitchen Equipment & Appliciances
- Huge Parking Lot
- Option to Purchase Real Estate!
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
38,237 |
111,991 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
14,764 |
42,809 |
2010 Persons Per Household |
2.41 |
2.46 |
Median House Value |
$214,800 |
$242,188 |
Income Per Household |
$58,112 |
$64,251 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
709 |
2,308 |
2012 Number Of Employees |
21,066 |
52,996 |
2012 Total Annual Payroll |
$403,036,000 |
$1,024,818,000 |
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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.