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Established Cafe w/ Hood Great Location for sale in Downtown Redmond , WA

Downtown Redmond , Washington (WA)

Asking Price: Gross: Cash Flow:
$ 99,000 $ 300,000 $ 40,000

Furniture and Fixtures Value:
$ 7,000 (included in the asking price)

Inventory Value:
$ 3,000 (not included in the asking price)

Business Summary:
Clean, Bright, like new fast food restaurant setup. Kitchen with hood, great location. Fast food setup currently serving Mexican food but this setup easily allows any type of fast food even sushi type cuisine. Also all fixtures and furniture décor are perfectly acceptable to show case a finer dining experience than that of fast food. Has a hard liquor license. The location in the downtown Redmond area ensures a steady flow of hungry customers. The current food served here does not have much competition close by. 1700 Square Feet, seating capacity is 50. Great signage and plenty of parking. Lease is reasonable and seller is motivated. Currently basically being run by 3 PT time employees. Owner has his business interests divided between several restaurants so if an owner operator took over this restaurant and had his full focus on the day to day operations here, profits would for sure see an increase. This is not a franchise, so a creative owner has the control to add or take away from an already profitable menu. Have fun and take this very capable restaurant in any direction your creativity leads you. Other ways to expand, currently no advertising or marketing is being done. Or very little if any catering is being done. Many businesses are all around this location make this an ideal situation for office meetings catering. Little or no website presence. Even produce some breakfast menu would also probably be a winning idea as there are no other breakfast places close by. Only minutes to huge housing developments so a delivery service could also be a cash flow enhancer. Most of the hard work is done, the beautiful set up, the great location, reasonable lease. Come check it out and see if the shoe fits.

 

   
Year Business was Established: 2009
   
Number of Employees: 3 PT  
   
Facilities / Terms of Lease: Fast food setup, clean like new furniture and fixtures. But has the class to offer a finer dining experience. Full hood fully capable kitchen. Seating capacity is 50, plenty of parking. Walk In refrigeration cooler. Great downtown location, lots of walk by foot traffic. Very big menu board.  
   
Potential Growth/Expansion: Not a franchise so a creative owner can be as creative as his mind takes him. Unique opportunity to take this café / restaurant the fast food route or a more classy type of dinner experience. Perfect décor. Opportunity to offer breakfast menu or take advantage of all the businesses and offices in downtown Redmond with some catering. Only minutes to major housing developments so a delivery service added would most likely add significant to bottom line profits. Website presence, advertising, marketing all are currently missing so they all could make a positive impact on the cash flow. Maybe one of the biggest improvements is the simplest and that is putting an owner operator in place as opposed to the current owner who has his interests / efforts divided between several restaurants.  
   
Competition: The set up of this restaurant is very unique as an owner you go with fast food or you have the option to have a regular sit down nice restaurant. So new owner could guide this café / restaurant down the path of least competition. Currently no similar type cuisine being served nearby. Come check it out for lunch or dinner.  
   
Owner willing to finance: 60% down note 24 months at 6% interest rate  
   
Owner willing to train: 2 weeks training more is negotiable if desired  
   
Reason for selling: Seller has several restaurants and wants to consolidate his business efforts  
   
Seller Reference Number: ds/mxgll
BusinessMart.com Listing Number: 115835
 

 

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For more info contact:

Kirk L. Edwards

KR Business Brokers
206.391.7365

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