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Listed by:

Coldwell Banker Bain

Profitable Burger Business In Seattle For Sale

Seattle, Washington, US
Asking Price:
$175,000 (USD) Furniture / Fixtures included
Sales Revenue:
$414,473 (USD)
Cash Flow:
Available on request

Profitable established burger business in high foot traffic Seattle location. Close to sport and event stadiums. Major anchors and businesses surround this burger shop. This is non-franchise so a new owner can put whatever twist on the menu and décor that they want. Has a type 1 hood system in the kitchen.

It’s a very simple menu to learn and transition new employees and managers into. The monthly lease here is incredibly low for such this hot spot in the Seattle area at only about $2,700 a month. The daily sales are at about $1,800 so you do the math. A day and a half of sales and you paid you monthly rent payment.

Lots of tangible ways to increase the already great sales, for example, current owner is closed on Saturdays and Sundays. There is many sporting events and other major events only blocks away that are being missed out on, so weekend sales dollars are being missed.

This burger shop closes at 8 in the evening (this business is located on a high traffic street with lots and lots of foot traffic even well into the night). So adding another hour or an hour and a half to the closing time would probably be a good shot in the arm as far as profit line. This location is solid, the lease is solid, the simplicity of this business is solidly simple. These is all tangible dollars that are being missed out on.

The owner is absentee and still nets six figures annually from this business. The current owner has owned this burger shop since 2011 but a burger shop has been at this location for about 30 years. A great side benefit is this burger shop is it is only a couple of doors away from the great Seattle underground tours. Lots of tourists want to see the old underground Seattle and as long as they are doing that many of them patronage this burger joint for lunch or dinner $$$!!! New tours start every hour.

No other burger specific restaurants close by. Current owner does No delivery and with the multitude of businesses and office workers just walking distance away this is yet another tangible way to add to the profit line. With an owner-operator in place on a day to day basis the labor costs would go down and the customer service and the profit would take another push positive.

A quick snapshot of the sales lunch is about 60% of the total sales and dinner 40% of the total sales. 90% or more are food sales and 10% or fewer alcohol sales. This is already burger business with the tangible potential to do a lot more.

Property Information

Real Estate:

Lease

Lease Terms:

The monthly lease is very low at $2,700 per month. Tenant pays their own utilities. The current lease expires in June 2022. The landlord is willing to give the new owner of the restaurant a long term lease.

Leasehold Rent:

$2,700 (USD) per annum

Location:

So many solid anchors close by, very high foot traffic outside front door, close to downtown Seattle and close to major venues.

Premises Details:

Square footage is 1500 with a seating capacity of 61. It has a type 1 hood system in the kitchen, lots of refrigeration, a website and a full bar. All street parking but plenty of parking available.

Size in square feet:
1,500

Business Operation

Expansion Potential:

Lots of tangible ways to increase sales, example the current owner is closed on Saturdays and Sundays. There is many sporting events and other major events only blocks away that are being missed out on, so weekend sales dollars are being missed. This burger shop closes at 8 in the evening this area stays busy well into the evening. So staying open in the evening for another hour or an hour and a half would probably add a lot to the profit line. Opens at 11 AM so an aggressive new owner could even open a little earlier and pick up some breakfast dollars. The current owner does NO delivery and with the multitude of businesses and office workers just walking distance away, this is yet another tangible way to add to the profit line. With an owner-operator in place on a day to day basis the labor costs would go down and the customer service and the profit would take another push positive. No marketing or advertising is being done. Lots of tangible ways to increase sales here. No burger specific businesses close by.

Competition / Market:

Lots of tangible ways to increase sales, example the current owner is closed on Saturdays and Sundays. There is many sporting events and other major events only blocks away that are being missed out on, so weekend sales dollars are being missed. This burger shop closes at 8 in the evening this area stays busy well into the evening. So staying open in the evening for another hour or an hour and a half would probably add a lot to the profit line. Opens at 11 AM so an aggressive new owner could even open a little earlier and pick up some breakfast dollars. The current owner does NO delivery and with the multitude of businesses and office workers just walking distance away, this is yet another tangible way to add to the profit line. With an owner-operator in place on a day to day basis the labor costs would go down and the customer service and the profit would take another push positive. No marketing or advertising is being done. Lots of tangible ways to increase sales here. No burger specific businesses close by.

Reasons for selling:

Owner wants to retire

Trading hours:

Mon thru Friday 11 AM to 8 PM
Saturday and Sunday closed

Employees:
1 FT 6 PT
Years established:
1990

Other Information

Support & training:

Seller offering 2 weeks training

Financing available:

80% down strictly case by case basis

Furniture / Fixtures value:
$8,500 (USD) - included in the asking price
Inventory / Stock value:
$7,000 (USD)

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