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#1131
Bellingham Restaurants For Sale

Seattle Area Restaurant For Sale: Upscale Full-Service with Real Estate!

$1,225,000
Seattle Area Restaurant For Sale: Upscale Full-Service with Real Estate!
This Listing is Expired
Selling Restaurants presents this large perfect location restaurant constructed just a little over 4 years ago but still looks and feels almost new. The restaurant building is strategically located on a large corner lot that maximizes visibility and accessibility with easy access/signage from I-5. The large lot that it sits on includes a 55 space parking lot and 3 accessible entrances. The restaurant is located on a busy highway in a Puget Sound town of nearly 20,000. When walking into the restaurant one is instantly greeted with the smell of freshly baked pies and pastries. The restaurant was classically designed inside and out and has charming furniture and build outs. This sale includes the restaurant business that averaged over $1 million in gross sales a year ago and currently runs at ~$70k/month. The large buildable lot and all of the furniture, fixtures, recipes and equipment. There is also an option to purchase just the business. This is a rare find and perfect for any concept including large franchises.

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This is an Add Value Alliance, Inc. listing.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Bellingham Restaurants For Sale
Lease Term:
Fully Negotiable
Total Monthly Rent:
$7,000
Security Deposit:
$7,000

Financials

Last Year's Annual Gross:
$767,491
Last Year's Owner's Cash Flow:
$65,972
Last Year's Food Cost %:
37
Last Year's Payroll Cost %:
40.5
Last Year's Rent %:
8.45
EBITDA:
$65,972

Operations

Liquor License:
Full
# of Family Employees:
2
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
130
Outdoor Seating:
25
# of Parking Spots:
55
Inside Sq. Ft.:
4,400
Outside Sq. Ft.:
1000

Highlights

  • Real Estate Included!
  • Large 55 Space Parking Lot With Multiple Entrances
  • Spacious Waiting Area with Display Case for Pies etc.
  • Classic Architectural Design
  • 4500 Sq ft
  • Large Kitchen with Top of the Line Commercial Equipment and Appliances.
  • 7% Cap Rate
  • Significant population Growth in the Last 7 years!
  • Turn-key and Ready to Continue as a Local Success
  • Nice patio dining area with territorial views.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%

Demographics

Population 5-mi
2014 Total Population 40,563
Households 5-mi
2010 Number Of Households 14,912
2010 Persons Per Household 2.72
Median House Value $269,200
Income Per Household $65,863
Businesses 5-mi
2009 Number Of Businesses 970
2012 Number Of Employees 20,260
2012 Total Annual Payroll $383,003,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.


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