Give Away Price Fully Equipped Restaurant

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Asking Price:
$60,000

Gross Revenue:
$273,468
Cash Flow:
$1
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Fast food setup, high traffic location, give away price. Fully equipped kitchen with 12-foot type one hood system, deep fryers, and walk-in refrigeration. It’s all here and ready to prepare any type of food. Located on a very busy street with a major grocery chain name in the same plaza acting as a solid anchor. Lots of parking. This is a big-name Asian food restaurant with many locations but is not a franchise so you can enjoy the benefits of having a well-known name and NOT have to pay franchise fees, royalties or follow franchise rules and restrictions. Bring your own ideas and recipes even. Is established and turnkey if you keep the same concept as the current owner has been in this space for 17 years. About 1200 square feet, lots of kitchen space lots of workspace great for catering. Good lunch sales and dinner sales already established for you. Because of the solid anchors all around this restaurant, if you serve good food and give service at reasonable prices pretty much regardless of the food concept, the good lunch and dinner sales will keep happening. This shopping plaza and this street are that busy. Lots and lots of car traffic all hours of the day. Not much similar competition close by. Other ways to increase the sales, currently the owner has no website and does no marketing or advertising at all. So if a new owner wanted to take advantage of the fully equipped kitchen that is here, there is room to offer catering. Currently, no delivery is being done if a new owner wanted to offer delivery for their food even thru one of the many food delivery services available now the sales would undoubtedly increase as well. As simple as adding a website to the business would probably add money to the bottom line. This restaurant is profitable but so much more could be made if the new owner was aiming and focusing on these other areas. The lease is very reasonable for such a high traffic shopping plaza and lots of life left on it too. Seller wants to move out of state is the reason for selling. He is very motivated that is why the price is so low for such a hot spot. Fully equipped kitchen, great location with solid anchors, solid lease it is a great restaurant opportunity give us a call.

About the Business

Location:
Seattle, Washington
Year Established:
1992
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$5,556.00 Per Month
Lease Expiration:
10/10/2019
Facilities:
Monthly lease is $5,557 that is with triple net included. The lease is assignable and expires Oct 2019. Also has a 5year option to renew. Triple net cost covers water sewerage. 1200 square feet and a seating capacity of 14. Twelve-foot type 1 hood system in the kitchen with new fire suppression system installed. Also included in the sale are deep fryers and walk-in refrigeration. Lots of drink refrigerators. Fully equipped kitchen with lots of work space. Lots of parking, good signage busy shopping plaza.
Market Outlook/
Competition:
Ways to increase the sales, currently the owner has no website and does no marketing or advertising at all. This restaurant is fully equipped so there is room to offer catering yet none is being offered. Currently, no delivery is being done if the new owner wanted offer delivery for their food even using one of the many food delivery services now available the sales would undoubtedly increase as well. As simple as adding a website to the business would probably add money to the bottom line. This restaurant is already profitable but so much more could be made if a new owner was aiming and focusing on these other areas.
Growth & Expansion:
Ways to increase the sales, currently the owner has no website and does no marketing or advertising at all. This restaurant is fully equipped so there is room to offer catering yet none is being offered. Currently, no delivery is being done if the new owner wanted offer delivery for their food even using one of the many food delivery services now available the sales would undoubtedly increase as well. As simple as adding a website to the business would probably add money to the bottom line. This restaurant is already profitable but so much more could be made if a new owner was aiming and focusing on these other areas.
Contact the Seller

About the Sale

Reason For Selling:
Seller wants to move out of state is the reason for selling. He is very motivate
Training/Support:
2 weeks training offered but it is negotiable

Listing Info

ID:
1561326
Ad Detail Views:
239

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$
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Business Listed by

David Smith

Coldwell Banker Bain

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