Are you looking for an easy to manage, fully appointed commissary kitchen which is currently cash flow positive? Then this well-regarded kitchen on the Eastside is a must see.
Key features of this listing include:
1)Kitchen is currently ~50-60% occupied due to COVID-19 6-ft distancing rules but is profitable even at this capacity.
2)Kitchen is managed by 1 PT employee working only a few hours a week.
3) Is approved/regulated by King County Health and WA Dept of Agriculture thus allowing both retail and wholesale accounts.
4) All accounts are under contract for typically up to 6-mth terms. Some hour by hour rentals also available.
5) Leased space with potential for term extension for approved buyers.
6) Sale includes ~$30k in FFE including ovens, walk-in fridge/freezer and other equipment.
Growth opportunities in this kitchen focus on a few areas. Firstly, as COVID-19 restrictions ease then more accounts can be assigned to the kitchen at any one time. Secondly, the kitchen is rarely used at nights and hence could be an area for expansion. And finally, the addition of new equipment could open the potential for new kitchen use and with that new accounts.
Business is currently generating $3-4k a month in profits with fluctuation related to monthly account usage. This earning capacity plus around $30k in FFE provide a solid basis for the price being asked for this business.
Seller is moving onto other opportunities and is willing to provide a positive transition to a new buyer.
Please contact Sunbelt Seattle for an NDA and more details on this listing.
Required Licenses: Health Department License
Real Estate Number: 139518
Seller Reference #SEATTWA001-N24
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