Cafe Next To Movie Theater In Redmond For Sale

Business description

Located in coveted downtown Redmond. The city of Redmond keeps growing so this location figures to be a prime spot for years to come. Yes busy location, bright clean, spacious, open floor plan. Has a family friendly atmosphere feel. Great place to hang out relax and unwind. Fully established and a large loyal customer base. Has hood, indoor seating capacity of 80 plus outdoor seating also. Lease is very reasonable, plenty of storage and plenty of parking. Very easy access for your customers. Currently serving fine Mexican food but with the full kitchen, this restaurant is fully capable of serving just about any type of cuisine. Right next to the front doors of a movie theater plus the open floor plan lends this restaurant well to live entertainment, karaoke, and or a bar. A perfect fit for an owner operator who wants to have their hand several money making endeavors, restaurant and or night life type businesses. Or a great investment for an absentee type owner. Seller’s time and efforts are divided as he runs several restaurants at the same time so an owner operator who would focus their efforts on just this one restaurant would undoubtedly see a significant increase in the cash flow. This restaurant has great reviews for some of the best Mexican food on the eastside. Another strong possible way to increase profits is to add a breakfast menu. As downtown Redmond has few quality breakfast places. At 2000 square feet this restaurant is small enough to maintain yet big enough to expand. Seller is very motivated and for right buyer, seller financing will be available. Seller willing to go the extra mile to make a smooth transition. This is not a franchise so new owner has creative power to add or take away from an already winning menu. All equipment and fixtures are like new. Currently run by 1 fulltime and 2 part time employees. This restaurant is a solid opportunity for a new owner to take over and have a fully profitable restaurant in a great location with a reasonable lease and potential to make money with the restaurant but also the night life and or breakfast crowd. Call now.

Property information

Real Estate:

Lease

Lease terms:

Lease is renewable, and assignable.

Leasehold rent:

$4,700. per month per annum

Living accommodation:

N/A

Location:

Located in coveted downtown Redmond. The city of Redmond keeps growing so this location figures to be a prime spot for years to come. Yes busy location, bright clean, spacious, open floor plan. Has a family friendly atmosphere feel. Great place to hang out relax and unwind. Lease is very reasonable, plenty of storage and plenty of parking. Very easy access for your customers. Currently serving fine Mexican food but with the full kitchen, this restaurant is fully capable of serving just about any type of cuisine. Right next to the front doors of a movie theater. Just minutes to huge housing developements, and many businesses. So great opportunity for catering or delivery.

Premises details:

Bright, clean, spacious. At 2000 square feet small enough to maintain yet big enough to expand. Full Kitchen with hood. Plenty of storage, lots and lots of parking, easy access to get in and out. Right next door to movie theater so a steady stream of late night customers. Equipment and fixtures like new. Seating capacity is 80 but also has outdoor seating as well.

Size in square feet:

2,000

Planning consent:

N/A

Business Operation

Expansion potential:

Lots of ways to expand, located right next to movie theater so there is a night crowd here every night. But there is no bar or live entertainment to make them patronize this restaurant. So fix this by putting in a bar and having live entertainment and profits would probably go up more than 40%. Put in a breakfast menu, do some marketing and advertising beyond just word of mouth. Another very big way to increase the cash flow is to have an owner operator in place that has his full focus on this one restaurant, as current owner has his efforts split between several restaurants. Put in flat screen TV and show sports. Loads of untapped potential. Just minutes to huge housing developements, and many businesses. So great opportunity for catering or delivery.

Competition / Market:

This is located in downtown Redmond so there is other places to eat but this restaurant has carved out a niche for itself by it’s exact location in downtown and its high quality of food. The website reviews all speak highly of the quality good tasting food here at this cafe. Great night hang out place because next to movie theater.

Reasons for selling:

Seller has several businesses and wants to consolidate his efforts on just one business.

Trading hours:

Daily (Monday thru Sunday) 11:00 to 9:00

Employees:

1 fT 2 PT

Years established:

2003

Franchise terms

N/A

Other information

Support & training:

Seller willing to go extra mile for buyer, 2 weeks training in every aspect of restaurant and more is negotiable is desired by buyer. Even some seller financing for the right buyer.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

60% down, balance to be paid over 36 months at 6% interest rate.

Furniture / Fixtures value:

$9,000 (included in the asking price)

Inventory / Stock value:

$3,000