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#1370
Seattle Metro

Seattle Restaurant For Sale: WOW! What a Beautiful PLace. Must See.

$150,000
Sold
Seattle Restaurant For Sale: WOW!  What a Beautiful PLace.  Must See.
This Listing is Sold
SellingRestaurants presents this excellent location family owned restaurant with large private parking lot. The outside of the restaurant includes high visibility signage and the interior is decorated with vibrant colors and accented with unique Thai architecture. The gallery style
dining room features bright colored walls, art photos, and sophisticated lighting with silk shades handmade by the owners. Restaurant patrons can enjoy comfortable sectional seating and an exquisite private room, which can be reserved for large groups. The other side of the building contains a post modern bar with a long black leather sofa, sophisticated bar, flat screen television, and elegant furniture. The large well designed kitchen is brand new and includes a walk in cooler, type one commercial hood, grill, and top of the line grease trap. The restaurant is 2,500 square feet and the base monthly rent is only $3,815. Gross monthly sales are up considerably since last year. January 2008 gross sales were $33,000 compared to just $17,000 in January of 2007. January gross sales almost doubled since last year! A great location, brand new kitchen, and private parking lot make this wonderful restaurant a great opportunity for any restaurant owner and any concept. 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:
Expires 2012 + 5 Year Option
Total Monthly Rent:
$3,815
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$350,000
Last Year's Food Cost %:
14.7
Last Year's Payroll Cost %:
28.6
Last Year's Rent %:
13

Operations

Liquor License:
Liquor, Wine, and Beer
# of Full-Time Employees:
4
# of Part-Time Employees:
2
# of Family Employees:
4
Hours Open:
M-F 11AM-3PM, 4PM-9PM Sat-Sun
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
# of Parking Spots:
25
Inside Sq. Ft.:
2500
Outside Sq. Ft.:
8400

Highlights

  • Newly Installed Grease Trap
  • Type One Commercial Hood
  • Large Grill with Cooking Woks
  • Full Liquor License!
  • Beautiful Bar Seperate From Dining Room
  • Private Dining Room
  • Elegant Wood Tables and Chairs
  • Private 25 Space Parking Lot
  • Located on High Traffic Street
  • Next to Busy Shopping Center Including Grocery and Liquor Store
  • All Furniture, Fixtures, and Equipment Included in the Sale
  • Brand New Kitchen, Equipment, and Appliances!

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 25,400 96,627 223,165
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,905 36,777 85,617
2010 Persons Per Household 2.43 2.42 2.41
Median House Value $351,000 $365,023 $371,047
Income Per Household $71,720 $76,789 $76,165
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 786 2,546 6,248
2012 Number Of Employees 23,410 63,818 151,712
2012 Total Annual Payroll $731,024,000 $1,797,376,000 $3,955,773,000

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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