Leading Bellingham Restaurant

Financial Information

  • Asking Price: $225,000
  • Gross Revenue: $655,000
  • Cash Flow: N/A
  • Down Payment: N/A
  • FF&E (Included): N/A
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Whatcom
  • Confidential
  • Washington
Primary Business Category: Restaurants

"I truly didn't expect to be blown away by Bellingham food. Don't get me wrong. There are nice restaurants in Bellingham. Some are fancy and some are a hole in the wall. Many are good. This restaurant is, next level.." This local restaurant is a leader and favorite in the local market for its comforting, chef-made New American cuisine with exceptional cocktails, beer and wine. Local WA ingredients are a constant on the menu as are chef-inspired international specials. This restaurant was established and has been run by the same owners for the last 2+ yrs, has an enviable local following, exquisite menu, and offers solid upside potential to a new owner with the addition of outdoor seating which could increase head counts on key nights once approved and implemented. Importantly, this restaurant is built upon relationships with the local community which has supported carryout cocktails and food to go during COVID-19. Sales have been impacted by COVID-19, however current pricing reflects current market conditions, the turn-key nature of the kitchen and dining area, as well as the 32% YoY sales growth prior to State lock downs. The financials and outlook post COVID-19 for this restaurant are solid with $665k in sales in 2019 and $449k in 2018. Of this 66% is derived from food. Convenient downtown location backed by a competitive long-term lease. Offer price is built upon replacement asset values and a percentage of gross sales multiplier with an Opinion of Value report available. This business would be a great fit for those interested in stepping into the Bellingham restaurant and bar scene through a largely turn-key asset purchase. Please contact Stuart Cutler at Sunbelt Seattle-Olympia to request an NDA and more details on this business.

Support / Training Comments

30 days

Reason For Sale
Family reasons
  • Home Based: No
  • Year Established: 2017
  • Franchise: No
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Liquor and Health

  • Is Property Leased: Yes
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Fulltime Employees: 3
  • Part time Employees: 6
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Parking: Parking or use for outdoor seating
  • Monthly Rent: N/A

Contact Business Broker

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Business Listed by

Sunbelt Seattle/Olympia

Contact: Stuart Cutler
Office Phone: 425-999-7277
Mobile Phone: 4259997277
Listing ID: SEATTWA001-N23

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.