"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
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.
Required Licenses: Liquor and Health
Real Estate Number: 139518
Seller Reference #SEATTWA001-N23
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