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- RE: Lite Café High Traffic Seattle Location Giveaway
- Contact: Becky Smith
Quick Facts
Asking Price: | $59,000 | |
Annual Revenue: | $306,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $8,200 | |
Real Estate: | Not Disclosed | |
Year Established: | 2017 | |
Employees: | 4 | |
BBN Listing #: | 934641 | |
Broker Reference #: | BEYBSEA |
Business Overview:
Lite café in a very high-traffic location at an unbelievably low bargain price. At $59,000, this is almost a steal, so this restaurant should go fast. Lots of strong anchor businesses all around this restaurant, so you will enjoy a strong customer flow that keeps on keeping on every day. So many customer base that you do not have to worry about marketing or advertising costs to draw in the customers as there are lots of offices and customer base in this area for you to cater to. As a matter of fact, at one time, not too long ago, this restaurant was doing over $400,000 in annual sales. (just to give you an idea of the many customer base here) That’s very good, especially considering there is NO type 1 hood system, just a type 2 hood. Currently serves Japanese food concept of rice bowls, poke, noodles, tofu, soups, also a variety of drinks and desserts. Just lunch and dinner are served, NO breakfast menu. Six years established serving this healthy Asian cuisine. This restaurant has great ratings, and the seller is willing to offer great training for you, too. There is NO same-food concept competition in the area.
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Property Features and Assets:
The monthly lease is $4,050, and that’s with the triple net costs included. The lease expires in 2025, and has an option to renew. 1,250 square footage with a seating capacity of 24. Has a type 2 hood walk-in refrigeration. Nice modern furniture and fixtures. Plenty of street parking available and lots of foot traffic.
Market Competition and Expansion:
There is NO same-food concept competition in the area. This is not a franchise, so you, the new owner, have complete creative freedom menu, décor, and concept. Another way to increase sales is for new owner to take advantage of all the catering opportunities in this densely populated location.
Reason for Selling:
seller family health concerns
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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