Listing ID: 66949

Business Overview

This restaurant is where to have a memorable romantic evening, or celebrate those special occasions dinners. This is one of those restaurants couples want to revisit and re-experience the food and atmosphere as often as they can. This “only open for dinner five days a week” restaurant, has a great on-line reputation and a long established presence in the Community. The location also has 70 parking spaces available during dinner hours, which is a rare plus for a Seattle restaurant.

Financial

  • Asking Price: $285,000
  • Cash Flow: $175,000
  • Gross Revenue: $748,000
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 1995

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,312
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

There is seating for 50 in the dining area and five at an intimate but well stocked bar. The equipment includes a 7 foot class one hood with fire suppression system, stainless steel food prep areas with refrigeration, commercial refrigeration, espresso machine, bar, office, wine/liquor storage, 2 storage areas, and parking for up to 70 cars is available during dinner.

Is Support & Training Included:

Owner willing to train and help make a smooth transition.

Purpose For Selling:

Seller past retirement age

Pros and Cons:

This is a densely populated area with many shops and food service businesses

Opportunities and Growth:

The business is only open 5 days a week and one meal a day. The days open and hours could be easily expanded

Additional Info

The company was established in 1995, making the business 27 years old.
The sale doesn't include inventory valued at $15,000*, which ins't included in the asking price.

The business has 10 employees and resides in a building with estimated square footage of 1,312 sq ft.
The building is leased by the company for $3,325 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nevertheless, the true factor vs the one they tell you may be 2 totally different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a variety of various other reasons. This is why it is extremely important that you not count entirely on a seller's word, but rather, make use of the seller's answer combined with your overall due diligence. This will paint a much more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new customers? Most times, companies have repeat consumers, which create the core of their daily earnings. Specific variables such as new competition sprouting up around the area, road construction, and also staff turn over can influence repeat clients and also negatively influence future revenues. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical house income influence future income prospects?