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#2199
Bellingham Restaurants For Sale

Great Location, Profitable Italian/Pizza Restaurant For sale

$155,000
Great Location, Profitable Italian/Pizza Restaurant For sale
This Listing is Expired
SellingRestaurants presents this well established dine-in or take-out restaurant for sale located in Bellingham's new financial district. This is a great "Business Opportunity" with favorable lease terms.

This restaurant is comfortable and welcoming, a destination spot for the local business folk to come to for lunch and after work for a beer, glass of wine and some good food. The surrounding businesses use this place to hold meetings and work parties in the nice sized conference room aligned with windows. The kitchen and dinning areas are fully equiped with all of the amenities you would need to run any full service restaurant concept, all amenities are in excellent condition.

There is room for outdoor seating and a fantastic sound system throughout.

Currently serving beer and wine, there has been several requests for hard alcohol and breakfast and if accomodated, could increase revenues. There is much more to this unique space, the opportunity to do what you want here seems endless.

This is a Add Value Alliance, Inc. listing.
Agent Sabrina Matson

Lease

Region:
Bellingham Restaurants For Sale
Lease Term:
expires June 30, 2011 with 2, 5 year options
Total Monthly Rent:
$3,888

Financials

Last Year's Annual Gross:
$432,743
Last Year's Food Cost %:
.29
Last Year's Payroll Cost %:
.41
Last Year's Rent %:
.09

Operations

Liquor License:
beer and wine
# of Full-Time Employees:
3
# of Part-Time Employees:
13
# of Family Employees:
2
Hours Open:
7 days a week
M-TH 11:00am - 9:00pm
Fri 11:00am - 10:00pm
Sat 4:00pm - 10:00pm
Sun 4:00pm - 10:00pm
Year Established:
1997
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
3,393
Outside Sq. Ft.:
480

Highlights

  • Dine-in or Take-out Sustainable Restaurant For Sale.
  • Located in the New Financial District of Bellingham in an Urban Village Setting.
  • All of the Kitchen Amenities for any concept.
  • Surrounded by local businesses that dine here.
  • Wolf Challanger Xl Range With Oven.
  • Wood Stone Pizza oven.
  • Randell Double Door Reachin Fridge.
  • Walkin Refrigeration/Freezer.
  • La San Marco w/Grinder Espresso Machine.
  • Bravo 12 Basket Pasta Cooker.
  • Lang Double Panini Grill.
  • Beer and Wine Bar.

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
40%

Demographics

Population 3-mi. 5-mi
2014 Total Population 43,226 85,381
Households 3-mi. 5-mi
2010 Number Of Households 16,520 36,363
2010 Persons Per Household 2.48 2.26
Median House Value $291,000 $289,145
Income Per Household $55,952 $44,936
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,495 3,491
2012 Number Of Employees 40,244 87,460
2012 Total Annual Payroll $739,278,000 $1,672,881,000

click for more demographic info

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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