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#2021
Bellingham Restaurants For Sale

Family Restaurant w/Pool Tables on Hwy 97 Near the Canadian Boarder

$121,000
Family Restaurant w/Pool Tables on  Hwy 97 Near the Canadian Boarder
This Listing is Expired
Selling Restaurants presents this full service gorgeous family restaurant.Family has owned the restaurant for over 10 years and it is a well known fixture in the town. They started a program in the schools with grade schoolers and have now watched those kids graduate. They are well respected by everyone in the community and have the awards and local support to show for it.

This restaurant is 3 miles south of Lake Osoyoos lake resort where 50 custom homes have been built and another 50 are planned and 2.5 miles west of another resort where condominiums have just popped up. Every one in the area is getting ready for the upcoming 2010 Olympics just North in Canada, this ticket is a hot one. U.S. Customs has started staging wait time signs 5 and 10 miles back right on Hwy 97 where they are anticipating the millions to cross at the border. While they are crossing you might as well feed them. The mayhem is going to be crazy and exhilerating and profitable. Make the most of it and get in quick. Not to mention the fact that this is a year round self sustaining restaurant without the Olympics. You can see from the pictures alone the building is beautiful, the ambiance is warm and inviting and the food is awesome.

Did I mention that one of the Olympic torch stops is at this border crossing? Check it out.

If you have been looking for something that is going to be even hotter, look no further. Give me a call, we can work this out.

This is an Add Value Alliance, Inc listing.
Agent Mary Keller Wynn

Lease

Region:
Bellingham Restaurants For Sale
Lease Term:
Negotiable 5 Year Lease + Options
Total Monthly Rent:
$1,300

Financials

Last Year's Annual Gross:
$380,000

Operations

Liquor License:
B&W
# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Family Employees:
2
Hours Open:
7am to 9 pm Thursday through Tuesday
Closed wednesday
Year Established:
1999
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
25
# of Parking Spots:
25
Inside Sq. Ft.:
3,700
Outside Sq. Ft.:
200

Highlights

  • Beautiful Rock wall exterior
  • Owner will finance 80% of the purchase
  • Well established Restaurant for over 10 years
  • A large percent of customers are from Canada
  • Loaded with amenities, Hood, Large Grill, refrigeration
  • Koi pond, outside dining, includes tons of premade signs for the roadside
  • Enough parking for everyone, including motor homes and 18 wheelers
  • 3 Miles from 2 different resorts, closest restaurant to the resorts
  • I Can Envision "I ate here" t-shirts all over the world
  • Longest sustaining restaurant in the City
  • Owner offering a 4% rent rate ratio, that in itself is desirable

Financing

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

Demographics

Population 5-mi
2014 Total Population 3,166
Households 5-mi
2010 Number Of Households 2,001
2010 Persons Per Household 2.33
Median House Value $159,300
Income Per Household $32,158
Businesses 5-mi
2009 Number Of Businesses 95
2012 Number Of Employees 1,220
2012 Total Annual Payroll $15,020,000

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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