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#2105
Bellingham Restaurants For Sale

Boutique Restaurant with Gorgeous Views and Cuisine

$400,000
Boutique Restaurant with Gorgeous Views and Cuisine
This Listing is Expired
SellingRestaurants presents this profitable boutique style restaurant with spectacular views of the water and Cascades. The menu and recipes are included consisting of continental american cuisine prepared with seasonal,locally bought food. Centrally located in the heart of downtown Bellingham this restaurant is housed on the top floor of a 15 story office building near theaters, retail shops, a museum and many other businesses.

Current hours of operation are from 11:00 am to midnight Monday-Friday, 4:00pm to midnight Saturdays and 4pm to 9pm on Sundays. It is truly a beautiful space with great economic potential.

This is an Add Value Alliance, Inc. Listing.
Agent Sabrina Matson

Lease

Region:
Bellingham Restaurants For Sale
Lease Term:
6.5 yrs remaining (exp 2016) + 3, 5 yr options
Total Monthly Rent:
$3,600
Security Deposit:
$3,335

Financials

Last Year's Annual Gross:
$707,776
Last Year's Owner's Cash Flow:
$119,715
Last Year's Food Cost %:
33.8
Last Year's Payroll Cost %:
25.8
Last Year's Rent %:
4.9
EBITDA:
$93,562

Operations

Liquor License:
H
# of Full-Time Employees:
5
# of Part-Time Employees:
12
# of Family Employees:
1
Hours Open:
11:00am - midnight Monday - Friday
4pm - midnight Saturdays
4:00pm - 9:00pm Sundays
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
88
# of Parking Spots:
1
Inside Sq. Ft.:
2,500

Highlights

  • Spectacular views of Puget Sound and the Cascades
  • Specialty boutique restaurant
  • Located in the heart of downtown Bellingham
  • Near theater, shops, museum, and water
  • Great menu prepared with fresh, local ingredients
  • Great community
  • Desired travel destination for shopping and dining
  • High population and growing
  • Close to LaConnor, Mt. Vernon and Mt. Baker
  • Hood one type system, large commercial grade refrigerator and walk in freezer, nice size kitchen.
  • Ample storage space and onsite office
  • Ample street parking with additional lot parking.

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%

Demographics

Population 3-mi. 5-mi
2014 Total Population 42,155 85,381
Households 3-mi. 5-mi
2010 Number Of Households 19,843 36,363
2010 Persons Per Household 2.08 2.26
Median House Value $287,600 $289,145
Income Per Household $35,765 $44,936
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,996 3,491
2012 Number Of Employees 47,216 87,460
2012 Total Annual Payroll $933,603,000 $1,672,881,000

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Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.


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