Acquire a well-established Eastside pizzeria located in one of the Puget Sound region's most desirable and affluent communities, surrounded by thriving residential neighborhoods, major employers, excellent schools, and a vibrant mix of retail, dining, and entertainment. This approximately 2,700 SF restaurant is situated in a modern, attractive commercial building and enjoys outstanding visibility, a highly walkable setting, abundant free public parking, and seating for approximately 100 guests plus a large outdoor patio. Established in 2012, the business generates average annual gross revenue of approximately $900,000 with average Seller's Discretionary Earnings of approximately $87,000 assuming an owner-operator. The facility is exceptionally well maintained, clean, and professionally managed, reflecting years of pride in ownership and providing an inviting atmosphere for customers and an easy transition for a new owner. The operation is fully staffed with four full-time employees, ten part-time employees, and an experienced manager in place, providing a strong foundation for a seamless ownership transition. The sale includes approximately $250,000 in furniture, fixtures, and equipment, with inventory valued at approximately $12,500 to be purchased separately. Offered at $199,000, financing may be available for qualified buyers. The current lease extends through August 2029, with extension terms to be negotiated with the landlord by the new owner, at approximately $8,350 per month plus NNN expenses. The restaurant holds a full spirits, beer, and wine liquor license. Training will be provided to ensure a smooth transition. The business currently operates as a franchise with proven operating systems and established brand recognition; however, the franchise agreement may be terminated without penalty, giving a buyer the flexibility to continue under the existing brand or transition to an independent concept.
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 28,182 | 52,336 | 106,062 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 9,656 | 16,389 | 35,469 |
| 2010 Persons Per Household | 2.51 | 2.74 | 2.72 |
| Median House Value | $446,900 | $515,590 | $514,574 |
| Income Per Household | $99,974 | $117,620 | $118,956 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 428 | 765 | 2,412 |
| 2012 Number Of Employees | 12,022 | 15,022 | 54,438 |
| 2012 Total Annual Payroll | $438,573,000 | $492,353,000 | $1,839,563,000 |
DISCLAIMER: The User (that's you reading this) of this Website understands that Pacific Commercial Brokers ("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 addition to seeking professional advice from an attorney as well as a CPA. 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.