Address Map

Country : USA

State : Washington

County : Skagit

City : Burlington

Zipcode : 98233

Street : Market Place Drive

Street Number : 1815

Longitude : W123° 39' 45.3''

Latitude : N48° 26' 56''

Additional Information

Agent Name : Scott Walker

ListAgentMlsId : 28138

ListOfficeMlsId : 931100

Property Name : Burlington Crossings Shopping Center

Market Area : All North Counties

Company Zip : 98225

Company State : WA

Company City : Bellingham

Company Address : 114 West Magnolia St. Ste. 201

# of Full Time Employees : 6

# of Owners : 1

# of Part Time Employees : 12

Selling Office Commission : 2.5

All Cash : No

Assignable : Yes

Balance Sheet Years Avaliable : 2+

Beer/Wine License : No

Class H License : No

Commission Exclusions : No

Current Owner Years : 2.5

Excluded Items : No

Expense Includes Owner Salary : No

Fixtures Equipment : Yes

Gambling License : No

Includes Living Quarters : No

Inventory Included : No

Inventory Value : $20,000 estimate

Lease Expiration Date : 7/31/2027 12:00:00 AM

Leaseable Square Feet : 2004

Member Comments : Highly profitable and extremely popular 3-year old

Monthly NNN/CAM : 1461

Monthly Rent : 5316

Net Profit : 229136

No Special License : Unknown

Operating Hours : 8 a.m. - 10:00 p.m. (10:30 F & S

Operating Information : Actual

Owner Hours : 5

Owner Salary : 68494

Ownership Type : LLC

Parking Total : 15

Phone System Included : Yes

Professional License : No

Profit/Loss Years Avaliable : 2

Real Property : No

Reason for Selling : LLC owner bought multiple stores in Utah.

Renewal Option : Yes

Rent Increase : 3%/year

Seating : 0

Seller Terms : No

TradeName : Yes

Use Discretion : No

Year to Date Statement Available : Yes

Yearly Operating Expense : 899757

Yearly Operating Income : 1128893

extra_data/Asset Class : Food and Beverage

Property Description

Highly profitable and extremely popular 3-year old Burlington Crumbl franchise store offered for sale, together with rights to expand into all of Whatcom County and balance of Skagit County. Burlington store has premiere location in Burlington Crossings at I-5 Exit 229 next to Olive Garden, Best Buy, T-Mobile and Starbucks and across George Hopper from Costco. Burlington Crumbl has a very well-trained and friendly staff and excellent full-time manager willing to continue under new ownership. Crumbl has been one of the fastest growing and most profitable franchises in the U. S., with all U. S. locations now taken and with international development underway. Expansion by the buyer into Bellingham and Whatcom County offers high profit opportunity. Lease of Burlington location assignable upon Landlord’s approval. NDA required as condition for disclosure of confidential information.