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BUSINESS OPPORTUNITY - Listing #: 688297
Osteria La Spiga - Osteria La Spiga
1429 12th Ave , Seattle WA98122
Agent Remarks
Message from the Seller:
"After 27 dedicated years, we are executing a strategic shift designed to ensure the continued success and evolution of our brand. This transition is motivated by our retirement plan, which will allow us to spend more time in Italy in the future, connecting with family and heritage.
The industry is evolving, and we are pivoting toward concepts that will better reflect the future needs of our loyal community. To carry this exciting vision forward, we are now seeking the right new owner or group to take the reins and pass the baton of our established business.
This is a unique opportunity to build on a remarkably strong foundation. Along with the brand, we are prepared to share our valuable intellectual property, proven trade secrets, and beloved menu staples to help streamline operations and preserve the quality our clientele expects.
We are deeply committed to a smooth transition and will stay involved by offering consulting and part-time support to ensure stability and continued success for the new leadership. We look forward to finding the right people to continue this legacy and are excited to support them in writing the next, great chapter."
Award-winning, chef-owned, and highly regarded — this exceptional restaurant has been a pillar of Seattle’s dining scene for over two decades. Known for its authentic Northern Italian cuisine, hand-made pasta, and thoughtfully curated wine list, the establishment offers a warm, inviting atmosphere with rustic interiors that embody the essence of Italy.
Location Situated in the heart of Capitol Hill’s Pike/Pine corridor, the restaurant benefits from steady foot traffic, a vibrant neighborhood, and a loyal customer base drawn to its consistent quality and charm.
Ideal For Hospitality groups, seasoned restaurateurs, or visionary chefs seeking to inherit a beloved Seattle institution with deep roots and continued growth potential.
Broker Note: Buyer broker compensation must be requested and included in the offer.
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County
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King
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Market Area
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All Seattle
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Price
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$ 250,000
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Business Characteristics
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Category
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Food and Beverage
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Hours of Operation
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# Full Time Employees
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10
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# Part Time Employees
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12
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Days Open
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Year Established
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1998
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Leasable SF
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6,300
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# Parking Avail
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0
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Seating Capacity
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130
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# Years/Cur Own
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27
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Living Quarters
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No
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Financial Information
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Annual Gross Income
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$ 2,300,000
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Operating Expenses
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$ 2,300,000
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Informational Links
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