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#1533
Bellingham Restaurants For Sale

Marysville Restaurant real estate for Sale

$2,500,000
Marysville Restaurant real estate for Sale
This Listing is Expired
Selling Restaurants presents this Stunning and Unique Landmark restaurant on nearly a half acre of land near I-5 in Snohomish County. Details of this very special property are reserved for qualified buyers and developers for confidentiality purposes, but this is certainly a very rare and exciting real estate opportunity NOT to be missed! Imagine owning more a half acre of prime real estate in the heart of town right off I-5 with gross income ranging from $1.6M to $2.4M per year over the past 4 years on just one of six separate tax parcel numbers included in this sale. This is a developers dream come true! The anchor business is well established and the city is currently encouraging commercial development.
This is an Add Value Alliance, Inc. Listing.
This is a Larry Braden listing.
Broker Larry Braden DRE License #Wash - 8619 Cal. 01492583 Cal. R.E. DRE # 01492583

Lease

Region:
Bellingham Restaurants For Sale
Lease Term:
Fully Negotiable
Total Monthly Rent:
$10,000
Security Deposit:
$10,000

Financials

Last Year's Annual Gross:
$1,220,343
Last Year's Food Cost %:
38
Last Year's Payroll Cost %:
36
Last Year's Rent %:
5

Operations

Liquor License:
Full Liquor
# of Full-Time Employees:
5
# of Part-Time Employees:
29
# of Family Employees:
1
Hours Open:
Hours
Monday - Thursday 9:00 AM - Close
Friday - Sunday 8 AM - Close
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
207
Outdoor Seating:
16
# of Parking Spots:
50
Inside Sq. Ft.:
13,000
Outside Sq. Ft.:
450
Lot Sq. Ft.:
28800
Total Building Sq. Ft.:

Highlights

  • Very Unique Restaurant and Bar Experience
  • More than a Half-Acre right off I-5
  • 5% Seller Financing
  • Banquet room, loft, and, outside seating
  • Gross revenue exceeds $1.1M to $2.4M over 5 Years
  • This is a fantastic redevelopment opportunity

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 48,570 151,174
Households 3-mi. 5-mi
2010 Number Of Households 16,219 49,077
2010 Persons Per Household 2.81 2.65
Median House Value $242,100 $246,040
Income Per Household $65,130 $62,507
Businesses 3-mi. 5-mi
2009 Number Of Businesses 786 3,153
2012 Number Of Employees 12,096 75,160
2012 Total Annual Payroll $173,931,000 $1,512,588,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that Larry Braden CA License #01492583 and WA License #18058 ("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 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.


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