Address Map

Country : US

State : Washington

County : King

City : Seattle

Zipcode : 98116

Street : West Seattle

Street Number : 000

Longitude : W123° 36' 48.5''

Latitude : N47° 34' 15.4''

StreetDirSuffix : SW

Additional Information

Agent Name : Ian McGinnis

ListAgentMlsId : 23064

ListOfficeMlsId : 1006208

Property Name : West Seattle Turnkey Restaurant

Market Area : West Seattle

Company Zip : 98225

Company State : WA

Company City : Bellingham

Company Address : 2219 Rimland Dr. Ste 301

# of Full Time Employees : 5

# of Owners : 2

# of Part Time Employees : 2

Selling Office Commission : 3

All Cash : Yes

Assignable : Yes

Beer/Wine License : Yes

Class H License : No

Commission Exclusions : Yes

Current Owner Years : 8

Excluded Items : No

Expense Includes Owner Salary : No

Fixtures Equipment : Yes

Gambling License : No

Includes Living Quarters : No

Inventory Included : Yes

Lease Expiration Date : 2/1/2027 12:00:00 AM

Leaseable Square Feet : 4732

Member Comments : One-of-a-kind opportunity to acquire a well-establ

Monthly Equipment Rental : 0

Monthly NNN/CAM : 3500

Monthly Rent : 17000

Net Profit : 1

No Special License : Unknown

Operating Hours : 7am - 11pm

Operating Information : Unknown

Owner Hours : 20

Owner Salary : 145000

Ownership Type : LLC

Percent Interest : 6.00

Phone System Included : Yes

Professional License : Yes

Profit/Loss Years Avaliable : 3

Real Property : No

Reason for Selling : retiring

Renewal Option : Yes

Rent Increase : 3%

Schedule C Years : 2

Seating : 160

Seller Terms : Yes

TradeName : Yes

Use Discretion : No

Vicinity : West Seattle

Year to Date Statement Available : Yes

Yearly Operating Expense : 1799999

Yearly Operating Income : 1800000

extra_data/Asset Class : Food and Beverage

Property Description

One-of-a-kind opportunity to acquire a well-established neighborhood favorite in West Seattle known for its high visibility corner location, hearty diner-style menu, welcoming atmosphere, and strong local following. This 4,732 SF exceptionally designed restaurant features a spacious 160-seating dining area, private dining, concrete floors, industrial ceilings, and extensive modern bar. Large fully efficient prep kitchen conducive for catering with 15ft type 1 hood,10×8 walk-in refrigeration, 3-door freezer, 800 amps of 3-phase power, and designated owner parking stall. Take over this existing concept ready for continued success under new ownership or bring your own unique concept.