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Accommodation & Food Services

Established, Profitable Pizza And Full Service Restaurant

Burien, WA, USA
Listed 172 days ago
Established 2022

Highly profitable full-service restaurant. It’s all 5 stars here: fully equipped kitchen and beautifully decorated dining area with all the bells and whistles. Established with a happy customer base of about 3,500. Great high-traffic downtown location and plenty of free parking. The size is a spacious open floor plan of 2400 square feet, which is ideal for live entertainment. And with this fully equipped kitchen, you can offer just about any food concept you want, but hey, if you keep the same cuisine concept, you could be making a lot of sweet (sales) from day one. This restaurant has a pizza oven in the kitchen. Currently serves delicious Italian food, but doesn’t focus on selling pizzas, so pizza dough ($$$) may be a good way to expand on the 5-star sales rating here. Sales are about $60,000 per month with a high six-figure annual net income, all accomplished with just serving dinner. This restaurant is on a main high-traffic street, so I’m thinking that definitely some lunch money (lunch sales) are being missed out on. This fine dining restaurant is only open from 4 PM to 9 PM and closed on Mondays. Has seating for 90 with an additional 25 outside seating offered. Small town feel and appeal. This business plan is all streamlined for you, and it’s part of the valuable training offered here. Even the lease here is something not to worry about, as it is very reasonable with a lot of life left on it. Seller will accept seller financing on a case-by-case basis. 70% cash down Established Italian restaurant, profitable, great lease, and fully equipped.

Location

This restaurant business is on a high-traffic street downtown.

Employees

9 FT

Lease Terms

The monthly lease is $4,475 with the Triple Net included. Lease expires in June of 2029 and has an option to extend this lease.

Real Estate

Lease

Trading Hours

Closed Mondays Tuesday through Sunday, 4 PM to 9 PM

Leasehold Rent

$4,475 per annum

Management Type

This business is owner operated.

Owner Financing

Owner financing is available. Please contact the seller for more information.

Planning Consent

N/A

Premises Details

Has 2,400 square feet, beautiful furniture and fixtures, fully equipped kitchen with a type 1 hood system, has a pizza oven, and a lot of extra storage space. Lots of free street parking, and has employee parking behind this restaurant.

Support & Training

Seller is offering 1 week of training; more can be negotiated

Expansion Potential

This Italian restaurant is already making great sales, but only serves dinner Tuesday through Sunday. Lunch money is being missed out on at this restaurant, which also has a pizza oven that a new owner may want to focus on for more pizza sales. About 20% of the sales here are from 3rd party delivery. Does serve brunch on the weekends.

Size In Square Feet

2,400

Competition / Market

Little to no same food concept close by

Living Accommodation

N/A

Inventory / Stock Value

$7,000

Reason for Selling

Seller wants to pursue other plans

Financials

Asking Price
$315K
RevenueMost Recent Year
$691K
Earnings (SDE)Last Reported
$211K
Assets ValueIncluded in Asking Price
$13K
Seller Financing
Yes

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