#1374
Seattle Restaurants For Sale
Seattle Restaurants For Sale
Prime Corner Location Seattle Bar and Grill For Sale. Possible Seller Financing Available. New Price!
$400,000
This profitable corner location bar and grill is located in a busy shopping center with neighbors including hotels, grocery, and various retail. Possible Seller Financing Terms available! The classic decor inside provides comfort in style with 10 copper top custom built booths, 20 copper top tables, top of the line chairs, picture windows, and attractive flooring. The beautiful wood bar is a great place to relax and watch sporting events on two big screen tv's. The bar also includes five copper top tables, an eight draft keg cooler, and a bottled beer cooler. The kitchen is a chef's dream and includes a walk in cooler, walk in freezer, 18 ft stainless steel type one hood, wolf broiler, wolf flat top, six burner oven, two deep fryers, six ft Asian wok table and much more. In 2007 the restaurant made a net profit of over $129,000! The 2008 numbers are expected to be similar and should be available by mid February. Jump right in and take over this successful turn key bar and grill.
This is an Add Value Alliance, Inc. listing.
click for more demographic info
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:
Expires May 2014 + 5 YR Option
Total Monthly Rent:
$5,676
Security Deposit:
$6,000
Financials
Last Year's Annual Gross:
$714,847
Last Year's Owner's Cash Flow:
$129,044
Last Year's Rent %:
11.7
EBITDA:
$129,045
Operations
Liquor License:
H
# of Full-Time Employees:
4
# of Part-Time Employees:
12
# of Family Employees:
1
Hours Open:
M-F 10AM-10:30PM, Sat-Sun 10AM-Close
Year Established:
1994
Hood System Type 1:
Yes
Facilities
Indoor Seating:
104
# of Parking Spots:
30
Inside Sq. Ft.:
2,992
Outside Sq. Ft.:
200
Highlights
- Anchor Restaurant Located in Busy Shopping Center
- Neighboring Two Hotels
- Corner Location
- Complete Review of Financials Upon Making an Offer
- Class H Liquor License
- 18 Ft Stainless Steel Type One Hood
- 50 inch and 62 inch HD Televisions
- 25 Copper Top Tables
- 10 Copper Top Custom Booths
- Two Micros POS systems!
- Eight Draft Beer Keg Cooler
- Possible Seller Financing Terms Available
Financing
Will SBA Finance:
No
Will Seller Lend To Buyer:
No
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 23,509 | 49,699 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 9,470 | 19,084 |
| 2010 Persons Per Household | 2.41 | 2.54 |
| Median House Value | $551,700 | $388,578 |
| Income Per Household | $95,481 | $80,985 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 872 | 1,132 |
| 2012 Number Of Employees | 10,840 | 17,314 |
| 2012 Total Annual Payroll | $236,950,000 | $317,852,000 |
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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