#1581
Seattle Restaurants For Sale
Seattle Restaurants For Sale
Vashon Island Indian Restaurant For Sale
$70,000
Selling Restaurants presents this high quality corner restaurant location with warm and inviting interiors that can easily be repurposed to a new concept in the heart of island living. The full bar with fine wines and liquors from across the globe is a rare yet perfect location for captive local residents and tourists alike. The kitchen is full of top grade equipment, including a complete hood system and walk-in refrigerator and the exquisite food is served on high grade china from England. There is a private banquet room that is the envy of nearby competitors and certainly the talk of the town. Even the bathrooms spare no missing details. The sellers have built a strong business with gross revenues up to $100,000/month during the busy tourist season last year, but their decision to relocate results in their loss and your gain. Don't miss this very special and unique business opportunity to build on this success. This is simply an asset sale at a great price to jump start your business on the main highway in the heart of Island Living.
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:
4 Years + 3 Five Yr Options
Total Monthly Rent:
$2,100
Security Deposit:
$4,200
Financials
Last Year's Annual Gross:
$450,000
Last Year's Rent %:
10
EBITDA:
$82,000
Operations
Liquor License:
Full
# of Full-Time Employees:
9
# of Part-Time Employees:
8
# of Family Employees:
2
Hours Open:
Sunday - Thursday
11:30am - 9:30pm
Friday & Saturday
11:30am - 10:00pm
11:30am - 9:30pm
Friday & Saturday
11:30am - 10:00pm
Year Established:
2008
Hood System Type 1:
Yes
Facilities
Indoor Seating:
170
# of Parking Spots:
5
Inside Sq. Ft.:
3,000
Highlights
- High Quality Inviting Interiors Easily Transferable to New Concept
- Current Revenues Exceeds $500k per Year
- Corner Restaurant Location In Heart of Island Town
- Nearby Short Ferry Ride to/from Downtown Seattle
- Full bar with fine wines and liquors from across the globe
- Top grade kitchen equipment is well kept
- Private Banquet Room is the Talk of the Town
Financing
Will SBA Finance:
No
Will Seller Lend To Buyer:
No
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 9,952 | 31,419 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 4,606 | 12,888 |
| 2010 Persons Per Household | 2.29 | 2.39 |
| Median House Value | $413,400 | $396,371 |
| Income Per Household | $72,774 | $66,699 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 369 | 1,042 |
| 2012 Number Of Employees | 5,282 | 16,804 |
| 2012 Total Annual Payroll | $144,947,000 | $356,472,000 |
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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