Business Opportunity Details
DESIRABLE NORTH MAGNOLIA RESTAURANT/BAR
0 Turnkey Magnolia Rest/Bar/Patio w/ Great Lease Seattle WA 98119
County: King
Listing # 683903
Sale Price
$250,000
Gross Revenue
$1
Cash Flow
$0
Status
Sold
Year Established
1988
Days on Market
222
Last Modified
02/17/2025
Description
Well-Established Restaurant/Bar- Below Market Rent
Classic Seattle restaurant/bar with below market rent. Large, sun-drenched outdoor patio with seating for 50. Take over existing, well-established concept, or bring your own! Large windows on 2 sides with views, high ceilings, abundant natural light. Fully equipped kitchen with 10' type 1 hood, large walk-in cooler, full bar with 21 beer taps, storage and office space. Seating for 99 inside. HVAC. Abundant free surface parking. New five year lease available. NDA required for this confidential listing.
General
Business Name
Desirable North Magnolia Restaurant/Bar
Business Category
Food and Beverage
Website
Leaseable SF
3,882
Seating Capacity
99
Full-Time Employees
4
Part-Time Employees
8
Days Open
7 days per week
# of years currently owned
12
Operating Expenses
1
Listing Information
Sale Terms
Cash
Compensation
greater of 5% of sale price or $5,000
Listing Date
7/9/2024
Reason for Selling
retiring
Licensing
Beer/Wine
Yes
Class H
Yes
Professional
No
Gambling
No
None
No
Agent Information
Laura Miller
Agent Phone
(206) 351-3573
Agent Email
laura@gibraltarusa.com
Office
Gibraltar, LLC
Office Phone
(206) 367-6080
Call Listing Agent
Yes
Use Discretion
Yes
Lex Petras
Agent Phone
(206) 618-8462
Agent Email
lexp@gibraltarusa.com
Office
Gibraltar, LLC
Office Phone
(206) 367-6080
Call Listing Agent
Yes
Use Discretion
Yes
Contact
