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Eastside Fine Dining – Word of Mouth Success

For Sale in WA

Listing ID: 31861-83456 | Broker Listing ID:

Financial & Assets Details

$1,208,427
$192,432
$285,000
$25,000
Yes
1560+/-

About the Business

2001
8 F/T 7 P/T
$3,030
Yes

Business Description

Having started in the kitchen, the owner of this magnificent fine dining bistro has crafted a winning menu leading to high demand, reservations to capacity, and no need for paid marketing. Having replaced himself on the line years ago, this restaurant is now completely turn key, and ready for a new owner to carry on the tradition as the current owner enters retirement. The current chefs have been with the restaurant for the long term, wait staff is independent, and an owner operator will do very well entering this opportunity.

The restaurant specialized in the best Seafood in the area, seats 55 with room for 24 on the patio. They only take reservations 2 weeks in advance, can book out a full turn nightly for extended periods of time.

Growth & Expansion

-Extend hours of operation
-Paid advertising
-Offering happy hour

This restaurant has a straightforward path to growth. Hiring of managers while pursuing longer hours, offering later hours and happy hour promotions will all lead to a higher bottom line, while allowing the new owner to work on the business, and less time in it. Poised for growth, strong reviews and local community following, and fantastic food make for a great opportunity, for the right buyer.

Seller Financing

Seller financing available for qualified buyers, terms to be negotiated based on buyer experience and financials.

Market Competition:

“Restaurant industry sales are expected to reach $783 Billion in 2016. Although this will represent the seventh consecutive year of growth in restaurants sales, the rate of growth remains moderate. The restaurant industry will remain the nations second-largest private sector employer with a workforce of 14.4 Million.” BRG 2017

Location Details:

Contact Agent

Support & Training

4 Weeks included

Reason for Selling:

Retirement

Listing ID: 31861-83456

Contact Broker

Transworld Business Advisors Renton www.tworld.com/locations/renton/ Listings: 30(206) 456-4355 View My Listings

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