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Fast Food Restaurant Just $24K Down for sale in Seattle, WA

Seattle, Washington (WA)

Asking Price: Gross: Cash Flow:
$ 48,000 $ 201,600 $ 42,000

Furniture and Fixtures Value:
$ 4,000 (included in the asking price)

Inventory Value:
$ 2,000 (not included in the asking price)

Business Summary:
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.

 

   
Year Business was Established: 1986
   
Number of Employees: 2 FT 3 PT  
   
Facilities / Terms of Lease: Free standing building with open spacious parking lot give this business that 1950’s or 60’s fun feel type atmosphere. Kitchen w/hood can accommodate any food type concept. Bldg & property lends itself well to burger or other drive up / drive thru take out type of food. Has space to set up a drive thru window. Best signage & visibility you’ll ever see It’s a can’t miss signage on a very busy street,is what every business owner would love to have. Unique shape & design of bldg even has space for living quarters.  
   
Potential Growth/Expansion: Full kitchen with hood so 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: There is only couple of Chinese restaurants in the area. This restaurant has been operating for over 25 yrs. Has a large loyal customer base as would be expected. This restaurant has the best signage & 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.  
   
Owner willing to finance: $24,000. down, balance 3 year note at 6% interest rate  
   
Owner willing to train: Seller willing to provide all necessary training  
   
Reason for selling: Seller is elderly, kids are grown up, seller has been running this restaurant over 25 yrs, wants to retire.  
   
Seller Reference Number: ds/yngs
BusinessMart.com Listing Number: 103973
 

 

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For more info contact:

Kirk L. Edwards

KR Business Brokers
206.391.7365

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