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#1845
Seattle Metro

North Tacoma Full Scale Restaurant

$49,000
Sold
North Tacoma Full Scale Restaurant
This Listing is Sold
Selling Restaurants presents a unique and exciting opportunity to take advantage of a newly refurbished restaurant that is ready for any new concept. This is currently on of Tacoma's newest and finest restaurants, in the middle of a thriving redeveloped area on a high traffic road. This Mediterranean Cuisine Restaurant also specializes in catering to groups and organizations in the privacy of a separate dining area from main restaurant. Ideal for clubs, business groups, wedding parties, anniversaries and all other events that bring people together. Seating capacity in this restaurant is 60, plus banquet room for 40. There was originally a bar where the banquet room is and everything is there to put it back in.

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

Lease

Region:
Seattle Metro
Lease Term:
6 year
Total Monthly Rent:
$5,000
Security Deposit:
$10,000

Financials

Last Year's Rent %:
23

Operations

Liquor License:
B&W
# of Part-Time Employees:
4
# of Family Employees:
2
Hours Open:
Tues - Thurs 11am-9pm
Fri and Sat 11am - 10 pm
Sunday 11 am - 9 pm
Closed Mondays
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
102
# of Parking Spots:
22
Inside Sq. Ft.:
4000

Highlights

  • Newly refurbished restaurant on busy street Close to I-5
  • Spacious, clean , large 4000 Square foot facility
  • Special dining area for banquets and catering
  • Main dining room is spacious, sits 60 customers
  • Fireplace ads warm ambiance to beamed ceiling
  • 11 single booths and 6 double booths plus stand alone tables
  • 2 Hoods & Walk-in Ideal for Large Volume operation
  • Large kitchen can easily accomodate outside catering
  • Floor plan can easily accomodate separate bar area
  • This restaurant is fully equipped
  • Great price for a turn-key opportunity

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 21,232 115,580 166,848
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,562 49,418 68,234
2010 Persons Per Household 2.20 2.19 2.28
Median House Value $269,900 $268,820 $253,151
Income Per Household $58,969 $52,916 $52,444
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 455 3,090 4,543
2012 Number Of Employees 8,864 89,982 134,980
2012 Total Annual Payroll $129,349,000 $2,130,088,000 $2,939,050,000

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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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