Description

This is an extremely profitable and well-run Italian restaurant in North Seattle. Established for 17 years, this restaurant has grown to become a local favorite. Both revenues and cash flow have been consistently growing year after year. The staffing consists of three full-time employees (a general manager, a chef, and a sous chef), and 37 part-time employees (servers, bussers, kitchen staff, etc.) The owner is only at the restaurant in the morning for about two to three hours meeting vendors Monday to Friday; that is his only duty. The owner’s wife does payroll twice a month, reconciles the bank accounts once a month, and pays payroll and quarterly taxes; it all adds up to about 10 hours max per month. The seller is going to relocate out of state. This is an exciting opportunity for a new owner to acquire a very profitable restaurant with limited owner involvement, and enjoy the cash flow while continuing to build the business to the next level.

The restaurant is very well located. The landlord is easy to work with. The restaurant looks great and the equipment is in good condition.

The restaurant is well-established with 17 years of history. With a general manager in place, the owner and his wife are hands-off for the most part. The restaurant is very profitable with growing revenues and cash flow year after year.

A new owner with fresh energy could potentially grow the business by adding brunch / breakfast, improving the bar, and spending more energy on marketing efforts.

Posted Oct 28, 2016

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