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Listing #: 645785 | Status: New | Last Modified: 11/22/2021
Showing Instructions | |
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Call Listing Agent | Yes |
Use Discretion | No |
Listing Information | |
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Listing Date* | 11/19/2021 12:00:00 AM |
Last Modified Date | 11/22/2021 7:24:02 AM |
List Price | 175000 |
Selling Compensation | 4% |
Lease expiration | 05/30/2024 |
Selling Exclusions | False |
Lease Information | |
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Monthly Rent | 3500 |
Monthly NNN/CAM | 2000 |
Business Characteristics | |
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Type/Name of Bus | North Seattle Dive Bar - Desirable Neighborhood |
Days Open | 7 |
Year Established | 1999 |
Leasable SF | 1,600 SF |
# of Parking Available | 24 |
Seating Capacity | 75 |
Living Quarters | False |
Operating Information | |
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Annual Gross Income | 500000 |
Operating Expenses | 1 |
Net Profix | 499999 |
Selling Price Includes | |
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Real Prop | False |
Inventory | False |
Fix & Equip | True |
Bus Phone | 0 |
Trade Name | 0 |
Excl Items | False |
Building Information | |
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Building Name | North Seattle Dive Bar - Desirable Neighborhood |
Category | Food and Beverage |
Address | 0 Undisclosed Seattle, WA 98133 |
County | King |
Market Area | 100-All Seattle |
# of Employees | |
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Full Time | 1 |
Part Time | 5 |
Proposed Terms | |
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Seller Term | Yes |
Min Down | 50% |
This well know Pub was established in 1999 and is located in a fabulous North Seattle area. Open 7 days a week from 3PM-12 Midnight, seating for 75 (100 occupancy) and 24 parking spaces makes this location an owner operators dream, 21 beers on tap, hard liquor and comfort food made from scratch ensure that the people keep coming back for more and more. The building is 1,600 sq. feet with an additional large basement, so storage is never a problem. The owner works 2 to 3 shifts a week and seldom more than 32 hours per week total and with 5 part time employees the business operation is clean and simple. The business had sales of $500,000 plus per year prior to Covid and has done $300,000 since reopening in July 2021. The lease runs through May 2024 with a possible 5-year option. This little