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#3005
Bellevue ~ Redmond ~ Issaquah ~ Snoqualmie

European Wine Bar in Downtown Redmond Available For Immediate Sub-Lease!

$49,000
European Wine Bar in Downtown Redmond Available For Immediate Sub-Lease!
This Listing is Expired

This is a turnkey and very classy, eclectic, and meticulous European Wine and Beer Bar in Upscale Community Near Microsoft.   There is a full spirits liquor license. This is an exceptional opportunity for a new owner/operator to step right into a turnkey opportunity and turn a profit quickly while minimizing start-up costs. There are more than $30,000 of recent equipment furnishings and this fine establishment.. A selection of great wines and the beers. The food selection included fine dining, tapas, great crepes and soups, cheeses, and more. The seller has decided to retire from restaurants and refocus on their other career efforts. This place closed to the public in October 2011 opting to serve only private events due solely to lack of working capital,  sellers loss is your gain! The environment is warm and inviting and there is a variety of entertainment offerings that promote a thriving energy in this fine establishment. This wine and beer bar is centrally located in a high traffic corner location that offers great visibility and lots of prime parking in the heart of town. 

The seller is a licensed Washington state broker.

This is a GSRE, LLC DBA Charter Business Brokers listing.

President, PRB Inc. & BBMT, Inc. Mel Jones

Lease

Region:
Bellevue ~ Redmond ~ Issaquah ~ Snoqualmie
Lease Term:
New - Negotiable
Security Deposit:
$3,570

Financials

Last Year's Annual Gross:
$134,927

Operations

Liquor License:
Full
# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
Sunday, Monday Closed
Tuesday 11 am - 10 pm
Wednesday 11 am - 10 pm
Thursday 11 am - 10 pm
Friday 11 am - Late
Saturday 5 pm - Late
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
20
# of Parking Spots:
12
Inside Sq. Ft.:
1,300
Outside Sq. Ft.:
600

Highlights

  • Classy & Eclectic European Wine Bar in Heart of Town
  • Located on High Traffic Prime Corner Location
  • Fully-equipped operation
  • Gross sales exceeded $135,000 in its first year with good year over year increases
  • Ideal for Unique and Creative Entertainment Offerings
  • Award-winning food, live entertainment, and wine selections
  • Quick serve offering promotes good turnover
  • Great concept for inexpensive but classy entertainment in tough economy!
  • Large Outdoor Patio Seating Offers Fun in the Sun
  • This location is currently closed To public and only serving private events

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 63,948 216,624
Households 3-mi. 5-mi
2010 Number Of Households 24,008 81,110
2010 Persons Per Household 2.42 2.38
Median House Value $465,200 $461,783
Income Per Household $99,192 $92,345
Businesses 3-mi. 5-mi
2009 Number Of Businesses 2,398 8,373
2012 Number Of Employees 161,508 322,712
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

 

Notice: The information contained in this offering profile was provided by the Seller and is believed to be accurate. Charter Business Brokers and its affiliates such as WABrokers has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. The User (that's you reading this) of this Website understands that Charter Business Brokers ("Broker") or its broker (s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.  This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents last year's estimated owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

This is a "Charter Business Brokers" Listing.



 


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