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Listing #: 651162 | Status: Available | Last Modified: 4/9/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | Yes |
| Use Discretion | No |
| Listing Information | |
|---|---|
| Listing Date* | 4/20/2022 12:00:00 AM |
| Last Modified Date | 4/9/2024 1:39:04 PM |
| List Price | 375000 |
| Selling Commission | greater of 5% of sale price or $5,000 |
| Lease expiration | 11/29/2028 |
| Selling Exclusions | False |
| Lease Information | |
|---|---|
| Monthly Rent | 3781 |
| Monthly NNN/CAM | 1037 |
| Business Characteristics | |
|---|---|
| Type/Name of Bus | Capitol Hill Restaurant w/ Type 1 hood |
| Days Open | Mon-Sat |
| Year Established | 2018 |
| Leasable SF | 1,675 SF |
| # of Parking Available | 2 |
| Seating Capacity | 26 |
| Living Quarters | False |
| Operating Information | |
|---|---|
| Annual Gross Income | 1485979 |
| Operating Expenses | 1309781 |
| Net Profix | 176198 |
| Selling Price Includes | |
|---|---|
| Real Prop | False |
| Inventory | False |
| Fix & Equip | True |
| Bus Phone | 1 |
| Trade Name | 1 |
| Excl Items | True |
| Associated Files | |
|---|---|
| CBA Flyer |  |
| Building Information | |
|---|---|
| Building Name | Profitable Turn-Key Restaurant |
| Category | Food and Beverage |
| Address | 00000 Capitol Hill Restaurant Opportunity Seattle, WA 98122 |
| County | King |
| Market Area | 110-Capitol Hill/First Hill |
| # of Employees | |
|---|---|
| Full Time | 5 |
| Part Time | 10 |
| Documents | |
|---|---|
| Data Avail w/Offer | Yes |
| Pft/Loss State #Yrs | 3 |
| Schedule C #Yrs | 3 |
| YTD Offer State | Yes |
| Proposed Terms | |
|---|---|
| All Cash | Yes |
Capitol Hill Modern Bright Turn-Key Restaurant
NDA required. Contact listing broker for more information.
Strong Sales! 2022 sales $1.5M with net profit of $176K. Rare opportunity to bring your concept, or take over existing, proven concept. Prime corner location at the base of recently constructed 80-unit apartment in the heart of Capitol Hill. New modern build-out in 2019 features display kitchen with 16 foot Type 1 hood, exposed brick, concrete floors, high ceilings, great natural light, large operable storefront windows, and patio seating area. Ideal for fast casual/counter service, full-service restaurant, or coffee/café concepts. Seating for 40. 2 reserved parking stalls $250/month per stall.