Fast Food Restaurant In Seattle For Sale

Business description

Great established location, high traffic area. Free standing building with open spacious parking lot give this business that 1950’s or 1960’s fun feel type of atmosphere. Surrounded by 4 apartment buildings so this restaurant is extremely convenient for many of the local people, definitely is heavily entrenched in the community. 26 years with the current owner, who is tired and ready to retire. Has a long standing history of profitability and a healthy loyal customer base as would be expected with 26 years serving fine Chinese cuisine in one location. Family run, full kitchen with hood so easily can accommodate any food type concept. Building and property lends itself well to burger or other drive up / drive thru take out type of food. Has the space to easily set up a drive thru window. Plenty of parking over 20 spots. Has inside and outside seating, seats a total of 40 people. Seller willing to give all the necessary training to make a smooth transition for buyer, even some of their secret recipes. Some seller financing possible as well. Ways to expand profits, currently this restaurant does little or no catering and this restaurant has no website to help let the Seattle area know of the fine food served here. Seller very motivated. 3,000 Sq Feet, this restaurant has positively some of the best signage and visibility you’ll ever see. It’s a can’t miss signage on a very busy street, it is what every business owner would love to have. Unique shape and design of building, even has space for living quarters so buyer could save money on not having to paying 2 rents one on business and one on home. If you’re creative and are looking for a stand alone building that draws attention to itself this one is worth checking out.

Property information

Real Estate:

Lease

Lease terms:

Seller pays $3,000. a month for lease and this $3,000 includes the triple net. Current lease expires May 2012. Landlord willing to give new lease with little or no increase.

Leasehold rent:

$3,000 per annum

Living accommodation:

Excellent opportunity to convert the downstairs to a living quarters. It is surely big enough. Living downstairs and running the restaurant upstairs is trully a way to save big dollars on having to pay 2 rents, one on housing and one on business. You'll have to set a time to look to see if this is a good fit for you.

Location:

Great established location, high traffic area. Free standing building with open spacious parking lot give this business that 1950’s or 1960’s fun feel type of atmosphere. Surrounded by 4 apartment buildings so this restaurant is extremely convenient for many of the local people, definitely is heavily entrenched in the community. 26 years with the current owner, who is tired and ready to retire. Has a long standing history of profitability and a healthy loyal customer base as would be expected with 26 years serving fine Chinese cuisine in one location. Family run, full kitchen with hood so easily can accommodate any food type concept. Building and property lends itself well to burger or other drive up / drive thru take out type of food. Has the space to easily set up a drive thru window. Plenty of parking over 20 spots. Has inside and outside seating, seats a total of 40 people. Seller willing to give all the necessary training to make a smooth transition for buyer, even some of their secret recipes. Some seller financing possible as well. Ways to expand profits, currently this restaurant does little or no catering and this restaurant has no website to help let the Seattle area know of the fine food served here. Seller very motivated. 3,000 Sq Feet, this restaurant has positively some of the best signage and visibility you’ll ever see. It’s a can’t miss signage on a very busy street, it is what every business owner would love to have. Unique shape and design of building, even has space for living quarters so buyer could save money on not having to paying 2 rents one on business and one on home. If you’re creative and are looking for a stand alone building that draws attention to itself this one is worth checking out.

Premises details:

Free standing building with open spacious parking lot give this business that 1950’s or 1960’s fun feel type of atmosphere. Full complete kitchen so easily can accommodate any food type concept. Building and property lends itself well to burger or other drive up / drive thru take out type of food. Has the space to easily set up a drive thru window. Best signage and visibility you’ll ever see It’s a can’t miss signage on a very busy street, it is what every business owner would love to have. Unique shape and design of building, even has space for living quarters.

Size in square feet:

3,000

Business Operation

Expansion potential:

Full kitchen with hood so easily can accommodate any food type concept. Has the space to set up a drive thru window. Other ways to expand profits, currently has no website to promote business, does little or no catering, has a downstairs that could be turned into a living quarters so for the right buyer this could be a very big savings not having to pay 2 different rents, one for housing and one for business.

Competition / Market:

There is only a couple of Chinese restaurants in the area. This restaurant has been operating for over 25 years. Has a large loyal customer base as would be expected. this restaurant has positively some of the best signage and visibility you’ll ever see. It’s a can’t miss signage on a very busy street, it is what every business owner would love to have.

Reasons for selling:

Seller is elderly, kids are all grown up. Seller has been operating this restaurant for over 25 years, is tired and wants to retire and move on to the next phase in life.

Trading hours:

Sunday thru Saturday from 11:00 AM to 10:00 PM.

Employees:

2 FT 3 PT

Years established:

1986

Franchise terms

Non- Applicable

Other information

Support & training:

Seller willing to provide all the necessary training to make a smooth transition for the buyer. Seller even willing to offer some seller financing. Seller very motivated and is willing to help buyer. Training period length is negotiable.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

With $24,000. down balance to be paid at 6% interest rate and will carry note for a year.

Furniture / Fixtures value:

$4,000 (included in the asking price)

Inventory / Stock value:

$2,000