Selling Restaurants presents this spacious restaurant constructed just over 4 years ago sits on a large usable lot in a prime location. The restaurant is strategically located on a large corner lot that maximizes visibility and accessibility with easy access/signage from I-5. The large lot includes a 55 space parking lot and 3 accessible entrances. The restaurant is located on a busy highway in a Puget Sound town of nearly 20,000.
When walking into the restaurant one is instantly greeted with the smell of freshly baked pies and pastries. The restaurant was classically designed inside and out and has charming furniture and build outs. This sale includes the restaurant business that averaged over $1 million in gross sales a year ago and currently runs at ~$70k/month. The large buildable lot and all of the furniture, fixtures, recipes and equipment. There is also an option to purchase just the business. This is a rare find and perfect for any concept including large franchises.
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This is an Add Value Alliance, Inc. listing.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409
Lease
Region:
Seattle Restaurants For Sale
Lease Term:
New - Fully Negotiable
Total Monthly Rent:
$7,000
Financials
Last Year's Annual Gross:
$767,491
Last Year's Owner's Cash Flow:
$65,972
Last Year's Food Cost %:
37
Last Year's Payroll Cost %:
40.5
Operations
# of Full-Time Employees:
4
# of Part-Time Employees:
8
Hours Open:
Daily 8am - Close
Highlights
- Real Estate Included!
- Large 55 Space Parking Lot With Multiple Entrances
- Spacious Waiting Area with Display Case for Pies etc.
- Classic Northwest Architectural Design
- 4400 Sq ft and 1000sf outside patio
- Large Kitchen with Top of the Line Commercial Equipment and Appliances.
- Significant population Growth in the Last 7 years!
- Turn-key and Ready to Continue as a Local Success
- Nice patio dining area with territorial views.
- Owner Financing Available! O.A.C.
Financing
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%
Demographics
Population |
5-mi |
2014 Total Population |
40,563 |
Households |
5-mi |
2010 Number Of Households |
14,912 |
2010 Persons Per Household |
2.72 |
Median House Value |
$269,200 |
Income Per Household |
$65,863 |
Businesses |
5-mi |
2009 Number Of Businesses |
970 |
2012 Number Of Employees |
20,260 |
2012 Total Annual Payroll |
$383,003,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.