$375,000
Capitol Hill Restaurant w/ Type 1 hood
Listing Type: Business Opportunity
Category: Food And Beverage
Status: Available
CBA ID#: 651162
00000 Capitol Hill Restaurant Opportunity
Seattle, WA 98122
Commercial Property

Marketing Description:

Strong Sales! 2022 sales $1.5M with net profit of $176K. Rare opportunity to bring your concept, or take over existing, proven concept. Prime corner location at the base of recently constructed 80-unit apartment in the heart of Capitol Hill. New modern build-out in 2019 features display kitchen with 16 foot Type 1 hood, exposed brick, concrete floors, high ceilings, great natural light, large operable storefront windows, and patio seating area. Ideal for fast casual/counter service, full-service restaurant, or coffee/café concepts. Seating for 40. 2 reserved parking stalls $250/month per stall.


Listing Agent Remarks:
Strong Sales! 2022 sales $1.5M with net profit of $176K. Rare opportunity to bring your concept, or take over existing, proven concept. Prime corner location at the base of recently constructed 80-unit apartment in the heart of Capitol Hill. New modern build-out in 2019 features display kitchen with 16 foot Type 1 hood, exposed brick, concrete floors, high ceilings, great natural light, large operable storefront windows, and patio seating area. Ideal for fast casual/counter service, full-service restaurant, or coffee/café concepts. Seating for 40. 2 reserved parking stalls $250/month per stall.

Use Discretion: No

Showing Instructions: NDA required. Contact listing broker for more information.

Included in Price:

  • Real Property: No
  • Inventory Included: No
  • Fixtures/Equipment: Yes
  • Phone System: Yes
  • Trade Name: Yes
  • Excluded Items: Yes

Financials:

  • Operating Income: $1,485,979
  • Operating Expense: $1,309,781
  • Net Profit: $176,198
  • Monthly Rent: 3781
  • Monthly NNN: 1037
  • Docs With Offer: Yes
  • Profit/Loss Years: 3
  • Schedule C Years: 3
  • YTD Statement: Yes

Seller Terms:

  • Seller Terms: No
  • All Cash: Yes

Property Features:

  • Catagory: Food And Beverage
  • Parking: 2 Spaces
  • Leaseable SqFt: 1675
  • Includes Living Space: No

Business Features:

  • Ownership Type: LLC
  • Days Open: Mon-Sat
  • Seating: 26
  • FT Employees: 5
  • PT Employees: 10
  • Year Established: 2018

Licenses:

  • Beer/Wine: Yes
  • Gambling: No
  • Professional: No
  • Class H: No
This Listing Supplied Courtesy of Gibraltar, LLC
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity