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Businesses For Sale > Business For Sale in Seattle, Washington (WA)

Outstanding Location & High Volume Grocery & Deli

Seattle, Washington (WA)

Asking Price: Gross: Cash Flow:
$260,000 $781,079 $122,303

Furniture and Fixtures Value:
$60,000 (included in the asking price)

Inventory Value:
$90,000 (not included in the asking price)

Business Summary:
Location - Location - Location. The business is located right next to the Woodlawn Park Zoo and only minutes from Greenlake. This is perfect demographics for a neighborhood grocery / deli. Built in 2004 everything is just like new. There is off street parking in the rear of the stand alone building for 5 cars (unheard of in this area). This is one of the best locations in Seattle. There is no competition in the immediate area. This is truly a unique grocery and deli. On Friday nights it serves a gourmet dinner and on Sunday morning it serves brunch. The business has a pouring license (to serve beer & wine) for on premises sales. It also has a produce section, meat dept., deli, gourmet specialties, and catering. The kitchen has an oven, prep-sinks, walk-in refer, and commercial dishwasher. The owner is basically absentee (10 hrs per week) and has other business interests. This is a great opportunity - don't pass it up.

 

   
Year Business was Established: 2004
   
Number of Employees: 4 FT / 2 PT  
   
Facilities / Terms of Lease: Location - Location - Location. The business is located right next to the Woodlawn Park Zoo and only minutes from Greenlake. This is perfect demographics for a neighborhood grocery / deli. Built in 2004 everything is just like new. There is off street parking in the rear of the stand alone building for 5 cars. The business occupies 2000 sq ft and has a produce section, meat dept., deli, gourmet specialties, prepared meals, beer & wine, and catering. There is seating for 25 inside and 20 outside. The Lease is $3000 per month (flat rate w/ no increases) and runs till 2/14/2009 with a 5 year option to extend.  
   
Potential Growth/Expansion: There is a substantial area for growth in this business. The catering side of the business could be increased and a new website could be put up to promote the on site dinners and breakfasts. The European style concept of having everything in one store could be increased with new items. The pastry side of the business could be promoted more for the coffee and espresso crowd in the mornings. But, most of all, it needs a knowledgeable owner operator who is there all the time.  
   
Competition: This is one of the best locations in Seattle. There is no competition in the immediate area. This is truly a unique grocery and deli. On Friday nights it serves a gourmet dinner and on Sunday morning it serves brunch. The business has a pouring license (to serve beer & wine) for on premises sales.  
   
Owner willing to finance: Cash or Bank Financing  
   
Owner willing to train: The Seller will provide 2 weeks of on site training in all aspects of the business after closing.  
   
Reason for selling: The Seller is basically absentee (10 hrs per week) and has other businesses.  
   
Seller Reference Number: hfngPhinney
BusinessMart.com Listing Number: 36006
 

 

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Kirk L. Edwards

KR Business Brokers
206.391.7365

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