Address Map

Country : USA

State : Washington

County : King

City : Seattle

Zipcode : 98105

Street : U-District

Street Number : 000

Longitude : W123° 41' 12.7''

Latitude : N47° 39' 40.7''

Additional Information

Agent Name : Ian McGinnis

ListAgentMlsId : 23064

ListOfficeMlsId : 1006208

Property Name : Prime U-District Restaurant

Market Area : U-District

Company Zip : 98225

Company State : WA

Company City : Bellingham

Company Address : 2219 Rimland Dr. Ste 301

# of Full Time Employees : 4

# of Owners : 1

# of Part Time Employees : 4

Selling Office Commission : 3

All Cash : Yes

Assignable : Yes

Balance Sheet Years Avaliable : 0

Beer/Wine License : Yes

Class H License : Yes

Commission Exclusions : No

Current Owner Years : 7

Excluded Items : Yes

Expense Includes Owner Salary : Yes

Fixtures Equipment : Yes

Gambling License : Unknown

Includes Living Quarters : No

Inventory Included : No

Lease Expiration Date : 1/31/2028 12:00:00 AM

Leaseable Square Feet : 4000

Member Comments : Seize the rare opportunity to own this beloved Tur

Minimum Down : 70%

Monthly Rent : 5900

Net Profit : 1

No Special License : Unknown

Operating Hours : 11am - 9pm

Operating Information : Unknown

Owner Hours : 20

Owner Salary : 180000

Ownership Type : LLC

Percent Interest : 6.50

Living Quarters Description : Basement Living Quarters

Phone System Included : Yes

Professional License : Unknown

Profit/Loss Years Avaliable : 2

Real Property : No

Reason for Selling : New Business Venture

Renewal Option : Yes

Rent Increase : 3

Schedule C Years : 2

Seating : 100

Seller Terms : Yes

TradeName : Yes

Use Discretion : No

Vicinity : U-District

Year to Date Statement Available : Yes

Yearly Operating Expense : 749999

Yearly Operating Income : 750000

extra_data/Asset Class : Food and Beverage

Property Description

Seize the rare opportunity to own this beloved Turnkey restaurant nestled in the highly sought-after area in the heart of Seattle’s bustling U-District. Established in 2018, this business has a loyal local customer base, excellent reviews, and a steady flow of foot traffic from nearby retail shops, offices, and the University of Washington. This full-serve welcoming atmosphere is 4,000sf, fully equipped kitchen, featuring 10-foot type 1 hood, walk-in cooler, HVAC, indoor seating for 100, gross Lease of $5,900 and Owners income is $180k per yr. Bring your own unique concept or capture this great opportunity to own a turnkey restaurant with its elegant ambiance, flavorful menu, and top-rated hospitality. Contact listing Broker for NDA and Showings.