Prominent restaurant in one of Puget Sound's most desirable communities. This restaurant has operated for many years. Located in the heart of the city, within walking distance of the waterfront and transportation hubs, as well as live theater, cinema, a premiere concert venue and seasonal farmer's market. Award winning American and globally driven eclectic cuisine satisfies both adventurous plates and comfort seekers. You may own this golden opportunity to continue more than two decades of success and be the talk of the town. This restaurant qualifies for an SBA loan. Buyers must have good credit, at least five years of restaurant management experience and enough cash to make the minimum down payment of 20%. Only qualified Buyer are given access to more photos and financial information regarding this listing. To obtain more information about this restaurant, please select the orange "sign confidential agreement" button below. You must first register with SellingRestaurants to gain access to the agent's contact information.
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:
4.5yr remaining + 5 Option
Total Monthly Rent:
$4,960
Financials
Last Year's Annual Gross:
$1,187,000
Last Year's Owner's Cash Flow:
$173,000
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
28
Operations
# of Full-Time Employees:
15
# of Part-Time Employees:
10
Hours Open:
Mon-Sat: 8am-9pm
Sun: 8am-1pm
Highlights
- Location, Location, Location.
- Charming Historic Building.
- Award-winning Northwest Cuisine, including Three AAA Diamonds and FSA awards.
- Devoted local (and beyond) following.
- Tourists + Peek-A-Boo View of the Sound + Incredible Food.
- Rare restaurant that serves all three meals and does them all exceptionally.
- Busy cafe by day transforms to casual but fine dining by evening.
- Community events galore within walking distance throughout the year.
- Owners Retiring From Several Decades of Success.
- 3-Year Tax Returns Reflect Consistent Gross Sales Exceeding $1.1M/year and PROFITS of $173k/year.
- Flat Lease Less than 6% of Gross Sales.
- 4,000 square feet seats 78
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
19,061 |
208,325 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
8,247 |
82,473 |
2010 Persons Per Household |
2.21 |
2.40 |
Median House Value |
$449,400 |
$345,351 |
Income Per Household |
$78,083 |
$66,012 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
747 |
5,868 |
2012 Number Of Employees |
10,258 |
127,206 |
2012 Total Annual Payroll |
$208,579,000 |
$2,581,525,000 |
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.