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#1783
Seattle Restaurants For Sale

Wine Bar For Sale: European Wine Bar in Upscale Community Near Microsoft

$55,000
Sold
Wine Bar For Sale: European Wine Bar in Upscale Community Near Microsoft
This Listing is Sold
Selling Restaurants presents this very classy, eclectic, and meticulous European Wine and Beer Bar in Upscale Community Near Microsoft. This is an exceptional opportunity for a new owner/operator to step right into a turnkey opportunity and turn a profit quickly. There are more than $145,000 of recent equipment furnishings and this fine establishment grossed more than $135,000 its very first year. A selection of about 100 great wines and the best beers, as well as some exotic drinks from Eastern Europe. The food selection includes fine dining, tapas, polish pierogi, crepes, great cheeses, and more. The seller has decided to retire from restaurants and refocus efforts on their other business ventures. The sellers loss is your gain! The environment is warm and inviting and there is a variety of entertainment offerings that promote a thriving energy in this fine establishment. This wine and beer bar is centrally located in a high traffic corner location that offers great visibility and lots of prime parking in the heart of town.

This is an Add Value Alliance, Inc. listing.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Seattle Restaurants For Sale
Lease Term:
New - Negotiable
Total Monthly Rent:
$2,813
Security Deposit:
$2,700

Financials

Last Year's Annual Gross:
$134,927
Last Year's Payroll Cost %:
62
Last Year's Rent %:
24

Operations

Liquor License:
B&W
# of Full-Time Employees:
2
# of Part-Time Employees:
3
# of Family Employees:
1
Hours Open:
4:30pm-10pm Tues-Wed
4:30pm-12am Thurs-Fri
5:00pm-12am Saturday
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
20
# of Parking Spots:
35
Inside Sq. Ft.:
1,300
Outside Sq. Ft.:
600

Highlights

  • Classy & Eclectic European Wine Bar in Heart of Town
  • Located on High Traffic Prime Corner Location
  • Fully-equipped turnkey operation includes $145,000 recent equipment
  • Gross sales exceeded $135,000 in its first year
  • Ideal for Unique and Creative Entertainment Offerings
  • Award-winning food and wine selections
  • Quick serve offering promotes good turnover
  • Great concept for inexpensive but classy entertainment in tough economy!
  • Large Outdoor Patio Seating Offers Fun in the Sun
  • Recent sales increases rapidly due to teardown and paveover of adjacent gas station
  • Option to purchase cost effective upgrades to full bar and large Type 1 Hood System
  • Weekly wine tasting keep customers wanting more

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
40%
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 63,948 216,624
Households 3-mi. 5-mi
2010 Number Of Households 24,008 81,110
2010 Persons Per Household 2.42 2.38
Median House Value $465,200 $461,783
Income Per Household $99,192 $92,345
Businesses 3-mi. 5-mi
2009 Number Of Businesses 2,398 8,373
2012 Number Of Employees 161,508 322,712
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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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