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#1167
Seattle Metro

Full Service Restaurant w/Beer & Wine near U of W!

$79,000
Sold
Full Service Restaurant w/Beer & Wine near U of W!
This Listing is Sold
This full service restaurant is located just two blocks from the busy University of Washington. The well designed dining area seats 50 comfortably with quality tables and chairs. There are five designated parking spaces for customers which is rare in the U-District! The restaurant is less than a year old and includes quality kitchen equipment including a stand alone upright freezer, upright cooler, deli case, commercial hood, grill, and more. The furniture, fixtures, and equipment are included in the asking price. The restaurant has been averaging 15,000 a month in sales just 20 hours a week during lunch. This is a great restaurant space in an excellent location with a low lease that doesn't increase until April of 2010! Hurry because this won't last.


This is an Added Value Alliance, Inc. ListingThis 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 April 2010 with 5 yr Option
Total Monthly Rent:
$2,890

Financials

Last Year's Annual Gross:
$180,000

Operations

Liquor License:
Beer and Wine
# of Full-Time Employees:
2
# of Family Employees:
2
Hours Open:
Lunch 11-3
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
54
# of Parking Spots:
5
Inside Sq. Ft.:
1255

Highlights

  • 2 Blocks from the University of Washington!
  • Surrounded by Apartment Buildings and Close to Student Housing
  • Fully Equiped Kitchen Great for any Restaurant Concept Including Burgers!
  • Rare for the Area 5 Designated Parking Spaces!
  • Seating for 50 Plus!
  • Buffet Area Including Heated Serving Station
  • Deli Counter and Deli Case for Sandwiches, Desserts, etc.
  • Restaurant is Less than a Year Old
  • Large Picture Windows in Dining Room for Natural Light
  • Quality Furniture, Fixtures, & Equipment
  • Low Lease!
  • Lease Amount Does Not Increase Until April 2010

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 37,541 134,099 486,872
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,939 60,628 218,842
2010 Persons Per Household 2.18 2.06 1.96
Median House Value $613,900 $558,545 $492,787
Income Per Household $45,560 $73,640 $70,980
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,262 3,851 23,890
2012 Number Of Employees 46,258 94,356 849,160
2012 Total Annual Payroll $1,069,845,000 $2,262,533,000 $4,294,967,295

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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