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Listing #: 683903 | Status: New | Last Modified: 7/16/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | Yes |
| Use Discretion | Yes |
| Listing Information | |
|---|---|
| Listing Date* | 7/9/2024 12:00:00 AM |
| Last Modified Date | 7/16/2024 9:56:16 AM |
| List Price | 250000 |
| Selling Commission | greater of 5% of sale price or $5,000 |
| Lease expiration | 11/30/2030 |
| Selling Exclusions | False |
| Lease Information | |
|---|---|
| Monthly Rent | 4806 |
| Monthly NNN/CAM | 0 |
| Business Characteristics | |
|---|---|
| Type/Name of Bus | Desirable North Magnolia Restaurant/Bar |
| Days Open | 7 days per week |
| Year Established | 1988 |
| Leasable SF | 3,882 SF |
| # of Parking Available | 100 |
| Seating Capacity | 99 |
| Living Quarters | False |
| Operating Information | |
|---|---|
| Annual Gross Income | 1 |
| Operating Expenses | 1 |
| Net Profix | 0 |
| Reason for Sale | retiring |
| Selling Price Includes | |
|---|---|
| Real Prop | False |
| Inventory | False |
| Fix & Equip | True |
| Bus Phone | 1 |
| Trade Name | 1 |
| Excl Items | True |
| Associated Files | |
|---|---|
| CBA Flyer |  |
| Building Information | |
|---|---|
| Building Name | Turnkey Magnolia Rest/Bar/Patio w/ Great Lease |
| Category | Food and Beverage |
| Address | 0 Turnkey Magnolia Rest/Bar/Patio w/ Great Lease Seattle, WA 98119 |
| County | King |
| Market Area | 145-Queen Anne/Magnolia |
| # of Employees | |
|---|---|
| Full Time | 4 |
| Part Time | 8 |
| Documents | |
|---|---|
| Data Avail w/Offer | Yes |
| YTD Offer State | Yes |
| Proposed Terms | |
|---|---|
| All Cash | Yes |
Well-Established Restaurant/Bar- Below Market Rent
NDA required. Please contact listing broker for more details.
Classic Seattle restaurant/bar with below market rent. Large, sun-drenched outdoor patio with seating for 50. Take over existing, well-established concept, or bring your own! Large windows on 2 sides with views, high ceilings, abundant natural light. Fully equipped kitchen with 10' type 1 hood, large walk-in cooler, full bar with 21 beer taps, storage and office space. Seating for 99 inside. HVAC. Abundant free surface parking. NDA required for this confidential listing.