$325,000
Retail Meat Market - Pike Place Market
Listing Type: Business Opportunity
Category: Food And Beverage
Status: Pending
CBA ID#: 643586
85 Pike St
Seattle, WA 98101View Map
Commercial Property

Marketing Description:

Strong Profits! Over $1.3M in sales in 2022; net profit of $140K. Unique opportunity to purchase a well-established, turn-key meat business located in Seattle’s Pike Place Market, which sees over 10 million visitors each year. Prime high-traffic location near the main Pike Street entrance to the Market, under the clock near Rachel the bronze pig. Since 1969, Don & Joe's Meats is committed to offering the finest
quality of meat to their customers in a friendly and personalized matter. Seller training available!
Currently the only meat shop in Pike Place Market. Upside in expanding operating hours to include Sundays (busiest day of the week) and adding shipping services. 950 Sq Ft (comprised of 470 Sq Ft "Retail" and 480 Sq Ft "Cooler"). Landlord will negotiate a new Lease w/ Buyer.

Listing Agent Remarks:
Strong Profits! Over $1.3M in sales in 2022; net profit of $140K. Unique opportunity to purchase a well-established, turn-key meat business located in Seattle’s Pike Place Market, which sees over 10 million visitors each year. Prime high-traffic location near the main Pike Street entrance to the Market, under the clock near Rachel the bronze pig. Since 1969, Don & Joe's Meats is committed to offering the finest
quality of meat to their customers in a friendly and personalized matter. Seller training available!
Currently the only meat shop in Pike Place Market. Upside in expanding operating hours to include Sundays (busiest day of the week) and adding shipping services. 950 Sq Ft (comprised of 470 Sq Ft "Retail" and 480 Sq Ft "Cooler"). Landlord will negotiate a new Lease w/ Buyer.

Use Discretion: No

Showing Instructions: Contact listing broker. Please do not disturb business owner or employees.

Included in Price:

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

Financials:

  • Operating Income: $1,454,259
  • Operating Expense: $1,274,725
  • Net Profit: $179,534
  • Monthly Rent: 1414
  • Monthly NNN: 863
  • Docs With Offer: Yes
  • YTD Statement: Yes

Seller Terms:

  • Seller Terms: No
  • All Cash: Yes

Property Features:

  • Catagory: Food And Beverage
  • Leaseable SqFt: 950
  • Includes Living Space: No

Business Features:

  • Ownership Type: LLC
  • Hours: 9am-5pm
  • Days Open: Mon-Saturday; closed Sundays
  • FT Employees: 4
  • PT Employees: 1
  • Year Established: 1969
  • Why Selling: retiring

Licenses:

  • Beer/Wine: No
  • 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