Confidential

Confidential, WA
Whatcom County


Asking Price: Annual Revenue:
$245,000 $655,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Confidential Broker: Stuart Cutler

Quick Facts

Asking Price: $245,000
Annual Revenue: $655,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 342058835
Broker Reference #: SEATTWA001-N23

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Business Overview:

"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.

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Reason for Selling:

Family reasons

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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