#961
Seattle Restaurants For Sale
Seattle Restaurants For Sale
Profitable Full-Service Restaurant on South I-5 Corridor
$289,000
In Contract
In Contract
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. The restaurant is locally recognized and has become one of the cities premier destinations for fine affordable Italian dinning. Each dish served can be perfectly paired with the excellent imported Italian wines and beers picked by the chef himself. A new owner will have the opportunity to receive up to 100 hours of free training from the award winning 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.
Select one of the orange buttons below to get the name and address.
This is an Add Value Alliance, Inc. listing.
click for more demographic info
Select one of the orange buttons below to get the name and address.
This is an Add Value Alliance, Inc. listing.
This is a Larry Braden listing.
Broker Larry Braden DRE License #Wash - 8619 Cal. 01492583 Cal. R.E. DRE # 01492583
Broker Larry Braden DRE License #Wash - 8619 Cal. 01492583 Cal. R.E. DRE # 01492583
Lease
Region:
Seattle Restaurants For Sale
Lease Term:
July 31, 2008 + New Lease Negotiable
Total Monthly Rent:
$2,660
Security Deposit:
$2,100
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
Last Year's Rent %:
6.8
EBITDA:
$54,913
Operations
Liquor License:
Full
# of Full-Time Employees:
4
# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
11:30AM-4PM Fridays
Tuesday-Saturday 4PM-9PM
Tuesday-Saturday 4PM-9PM
Year Established:
2003
Hood System Type 1:
Yes
Facilities
Indoor Seating:
70
Outdoor Seating:
12
# of Parking Spots:
50
Inside Sq. Ft.:
1,600
Lot Sq. Ft.:
12196
Total Building Sq. Ft.:
Highlights
- Award Winning Italian Cuisine
- Fine Imported Italian Wines
- Large Efficient 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
- Established Loyal Customer Base
- Located on major highway
- Easily Recognizable Building & Signage
- Nice and Clean Kitchen Equipment & Appliances
- Huge Parking Lot
- Option to Purchase Real Estate!
Financing
Will SBA Finance:
Yes
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 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that Larry Braden CA License #01492583 and WA License #18058 ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.
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