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King County, WA

  • Listing Number: 234-22073

    Category: Food - Restaurant

Asking Price $275,000
Down Payment $27,500
Gross Revenue $613,148
Total Adjusted Net Income $82,723
Equipment / Fixtures $88,155
Year Established 2019
General Location King County, WA
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This is a great opportunity to own a newer franchise location for a fraction of the buildout costs. This location opened its doors in December of 2020. The first full year of operation showed promise with discretionary earnings of $82,723.

The seller was semi-absentee which undoubtedly hurt revenue. A full-time owner-operator could make this location much more profitable. The seller has moved out of state and is looking for a quick transition.

Due to its short existence, a traditional SBA loan may be difficult to obtain. The SBA typically requires three full years. The seller is willing to entertain some seller financing for a well-qualified buyer. Restaurant ownership experience, great credit, and collateral all help convince the seller to extend additional credit.

There may be an opportunity to exit the franchise agreement, but this option will only be entertained if the buyer has a similar offering in mind.

 

Gross Revenue
$613,148
Listed Price
$275,000
Total Income
$82,723
Down Payment
$27,500
Base Rent
$3,792
Square Feet
1430
Total Rent
$4,835
Lease Expiration
12/2029
Rent Deposit
$4,835
Lease Options
2 x 5 yeards
Inventory
$4,000
Leasehold Improvements
490287
Equipment / Fixtures
$88,155
Full-Time Employees
2
Training Period
Franchisor provided. Owner will supplement remotely for 2 weeks.
Part-Time Employees
8
Reason for Selling
Moved out of state

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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