$300,000
WELL ESTABLISHED SLU RESTAURANT W/PATIO!
Listing Type: Business Opportunity
Category: Food And Beverage
Status: Available
CBA ID#: 668296
0000 South Lake Union Ave
Seattle, WA 98109
Commercial Property

Marketing Description:

Rare opportunity to acquire this contemporary restaurant located in one of Seattle's most vibrant neighborhoods. This restaurant is surrounded by many tech giants and has obtained a very large built-in loyal customer base with a strong reputation for its authenticity. This superbly designed space is 3,282 SF with a fully functional kitchen including two (2) 10ft type 1 hood systems, walk-in freezer/refrigeration, office space, seating for 80 inside and 20 outdoor. This restaurant also has a strong online presence, with a website, social media accounts, and excellent online reviews. Owners working 15hrs per/wk with a current discretionary income of $10k per/wk. Take advantage of this fabulous business opportunity by bringing your own unique concept or acquire the existing concept.

Listing Agent Remarks:
Rare opportunity to acquire this contemporary restaurant located in one of Seattle's most vibrant neighborhoods. This restaurant is surrounded by many tech giants and has obtained a very large built-in loyal customer base with a strong reputation for its authenticity. This superbly designed space is 3,282 SF with a fully functional kitchen including two (2) 10ft type 1 hood systems, walk-in freezer/refrigeration, office space, seating for 80 inside and 20 outdoor. This restaurant also has a strong online presence, with a website, social media accounts, and excellent online reviews. Owners working 15hrs per/wk with a current discretionary income of $10k per/wk. Take advantage of this fabulous business opportunity by bringing your own unique concept or acquire the existing concept.

Use Discretion: No

Showing Instructions: Contact Listing Broker

Included in Price:

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

Financials:

  • Operating Income: $1,700,000
  • Operating Expense: $1,699,999
  • Net Profit: $1
  • Monthly Rent: 11000
  • Monthly NNN: 4500
  • Docs With Offer: Yes
  • Profit/Loss Years: 2
  • Schedule C Years: 2
  • YTD Statement: Yes

Seller Terms:

  • Seller Terms: No
  • All Cash: Yes

Property Features:

  • Catagory: Food And Beverage
  • Vicinity: SLU
  • Leaseable SqFt: 3282
  • Includes Living Space: No

Business Features:

  • Ownership Type: Corporation
  • Hours: 10am - 10pm
  • Days Open: 7
  • Seating: 80
  • FT Employees: 4
  • PT Employees: 8
  • Year Established: 2009
  • Why Selling: retiring

Licenses:

  • Beer/Wine: Yes
  • Gambling: No
  • Professional: Yes
  • Class H: Yes
This Listing Supplied Courtesy of eXp Commercial
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