Business Summary:
Upscale Sushi restaurant and nightclub located in outstanding Capitol Hill location. The business occupies 2,982 sq ft, has seating for 190 customers, and has 4 private parking spaces (very rare). This was built in August of 2007 and no expense was spared - all top of the line. There are many restaurants and nightclubs on Capitol Hill, but this one is unique, and has an outstanding location. There is a huge kitchen which could serve any food fare the owner wanted and the atmosphere is to die for. The current owners have had no experience in the restaurant and nightclub industry and have done an excellent job in getting this business off the ground. An experienced operator could really take this business to the top. The revenue figures are annualized based upon the 8 months the business has been operating. The real estate is also for sale for $1.4 M, which is already appraised, and makes this a special opportunity.
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| Year
Business was Established: 2007 |
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| Number of Employees:
3 FT / 13 PT |
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| Facilities / Terms of Lease:
Upscale Sushi restaurant and nightclub located in outstanding Capitol Hill location. The business occupies 2,982 sq ft and has 4 private parking spaces (very rare). This was built in August of 2007 and no expense was spared - all top of the line. The Seller will Lease the space for $8,000 per month plus NNN of $1,250 on a 5 year Lease with a 5 year option, sell the space for $1,400,000 (appraisal in hand), or Lease Option the space with the sale of the business. |
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| Potential
Growth/Expansion:
The current owners have had no experience in the restaurant and nightclub industry and have done an excellent job in getting this business off the ground. An experienced operator could really take this business to the top. There is a huge kitchen which could serve any food fare the owner wanted and the atmosphere is to die for. |
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| Competition:
There are many restaurants and nightclubs on Capitol Hill, but this one is unique, and has an outstanding location. It has the longest ice bar in the Northwest for serving martinis and beer. It also has 4 private parking spaces, which is very rare, on Capitol Hill. The real estate is also for sale for $1.4 M, which is already appraised, and makes this a special opportunity. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Seller will provide the Buyer with 2 weeks of on site training on the day to day operation of the business, preparation of all food items available, and introduction to all vendors and suppliers. |
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| Reason for selling:
Divorce forces the sale of this new upscale restaurant and nightclub |
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Seller Reference Number: hfngKurrant
BusinessMart.com Listing Number: 39410 |
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