Eclectic W. Seattle Bistro – Open 4 Days a Week – Dinner Only
Seattle, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $150,000 |
$491,860 |
$92,661 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Inventory Value:
$5,000 (included in the asking price)
Business Summary:
This is one of W. Seattle’s premier bistros. It is a true destination restaurant with a unique twist. It has been in this neighborhood for over 20 years. It has a warm romantic ambiance; yet it is very casual and serves its food family style. The menu changes often, thus creating a reason for loyal patrons to come back on a regular basis. The food is eclectic and utilizes local ingredients of the highest quality in a farm to table concept. Everything is from scratch – the breads, ice creams, and desserts. The business is currently open 4 days a week and only for dinner – thus the owner works about 25 hours per week. The inside dining area seats about 48 and there is seating outside on the fenced patio and front for about 24. There is an open bar serving Class H drinks and wine. There is a full kitchen with an 8 foot hood, grill, six burner stove, a flat top, and fryer. There is plenty of storage. The new owner could easily open for more days per week and offer weekend brunches to increase the revenues. The current owner has not utilized social media but rather relied upon the bistro’s reputation and word of mouth from its loyal customer base. The Seller is selling due to a recent family illness that forces the immediate sale of the business. The Seller will offer terms of 50% down, a 3 year amortization, at 6% interest to a qualified buyer. Don’t miss out on this rare opportunity to be part of the vibrant W. Seattle restaurant community.
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| Year
Business was Established: 1997 |
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| Number of Employees:
1 FT / 3 PT |
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| Facilities / Terms of Lease:
This bistro is strategically located in the vibrant W. Seattle community. It has been in this neighborhood for over 20 years. The inside dining area seats about 48 and there is seating outside on the fenced patio and front for about 24. There is an open bar serving Class H drinks and wine. There is a full kitchen with an 8 foot hood, grill, six burner stove, a flat top, and fryer. There is plenty of storage. There is one parking space. The POS system is leased at $120 per month and the Dishwasher is leased (includes all products) at $260 per month.The base rent is $3,766 per month plus NNN charges of approximately $544 per month. The lease runs till 7/31/2019 and has one 5 year option to extend its term. |
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| Potential
Growth/Expansion:
The new owner could easily open for more days per week and offer weekend brunches to increase the revenues. The current owner has not utilized social media but rather relied upon the bistro’s reputation and word of mouth from its loyal customer base. This bistro could also change its fare and offer a variety of different food venues – depending upon the new owners desires. Due to the special demographics of this area, almost any good concept will succeed. |
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| Competition:
Due to the eclectic and ever changing menu of specialty offerings, the use of local fresh products, the attention to making everything from scratch, utilizing a farm to table concept, and the warm ambiance of the dining experience; this business has no competition in the area. It is truly a gastronomical event. |
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| Owner
willing to finance:
Cash or Seller terms with 50% down, 3 year amortization, at 6% interest |
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| Owner
willing to train:
The Seller will provide 4 weeks of training – 4 days a week – 8 hours per day; assuming the buyer retains the same food venue and format. The Seller retains the right to keep the name of the restaurant and the recipes depending upon the qualifications of |
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| Reason for selling:
Family Illness Forces Immediate Sale |
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| REQUEST MORE INFO |
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