business opportunity...bellingham is know as a college town, with western washington university with...
TRANSCRIPT
Andy Webster, Broker
360-305-1329
3610 Meridian St
Bellingham, WA 98225
BROKER:
FOR SALE: $375,000
Dirty Dan Harris Restaurant
1211 11th St.
Bellingham, WA 98225
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BUSINESS OPPORTUNITY
BELLINGHAM WA - FAIRHAVEN
Offering Highlights:
Positive Sales Trends
Fairhaven Location.
Assumable Lease
Favorable Lease Rate.
Seating for 110
Strong Cash Flow.
Class H Liquor License
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Coldwell Banker Bain
Business Opportunity
EXECUTIVE SUMMARY
LEASED PREMISES
MARKET HIGHLIGHTS
THE BUSINESS:
Dirty Dan Harris Restaurant
1211 11th St.
Bellingham, WA. 98225
LOCATION HIGHLIGHTS
BUSINESS HIGHLIGHTS
Rental Square Feet: 3,875 SF
Lease Type: Percentage Lease + NNN
Current Base Rent $7,43/SF/Yr. ($2,400/mo.)
NNN Charges $3.09/SF/Yr. ($1,000/mo.)
Percentage Overages $15,797/Yr. ($1,316/mo.)
Dirty Dan Harris Steakhouse, an iconic Fairhaven estab-
lishment, 47 years of fine-dining, serving steaks, seafood,
spirits and premium wines. Located at the center of a vibrant
historic/tourist district, with new condos, apartments, & shops.
Restaurant's 3875 SF, provides seating for 84, with additional
26 at the bar , plus seasonal sidewalk tables. Open six days/
per week, 5-9PM. Long history of consistent growth in sales &
profitability. Sale includes FF&E, signage, website & name.
Bellingham/Fairhaven
Located only 50 miles from Vancouver BC and 90 miles from
Seattle. Proximity to both metro areas provide access to 6.6
million people. Bellingham is know as a college town, with
Western Washington University with it’s 15,000 students.
Fairhaven real estate development started 30 years ago and
took off in 2005, with major development of condos and
shops . That trend continues today with Fairhaven Tower a
mix-use development at 12th and Harris and other projects.
Restaurant
In business for 47 years
All FF&E included in Sale
Gross Sales: Disclosed with NDA
Cash Flow: Strong
Class H license
Employees: 2 full-time, 13 part-time. .
Potential to open for Lunch or Brunch.
Andy Webster, Broker [email protected]
Coldwell Banker Bain 360-305-1329
3
Coldwell Banker Bain
Business Opportunity
FINANCIAL INFORMATION:
Financial information available with signed NDA.