Seller's Contact Information
- RE: Profitable Popular Cafe In Popular SE District
- Contact: Dan J. Walkowski
Quick Facts
| Asking Price: | $150,000 | |
| Annual Revenue: | $315,412 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $67,950 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $40,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1998 | |
| Employees: | 6 | |
| BBN Listing #: | 690352348 | |
| Broker Reference #: | 59071-172905 |
Business Overview:
This popular neighborhood cafe is a perfect turnkey opportunity, loved and supported by the community for 25 years. Completely renovated interior, kitchen and prep area in 2020. Designed as a warm and welcoming family restaurant serving freshly made potstickers, dumpling and Pan-Asian street foods based on family recipes and the owners travels throughout Asia. The menu proved adaptable to both dine-in and take-out service. The restaurant has seating for 38 indoor and 20 outdoor seating. The recent refurbishing of the interior including artisan glass panels between the booths, new booths, new tables/chairs and commissioned art pieces makes the restaurant perfect not only as a turnkey property but to diverse alternative themes and concepts.
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Property Features and Assets:
Monthly Rent: $2,657.51
Market Competition and Expansion:
This is a destination spot for locals in the community, and once customers experience it, they come from a variety of locations around town. Customers spread the word about this restaurant which attracts even more business. A key benefit in this business is the value of this being a 2nd Generation restaurant. Not only with established physical features like the large walk-in cooler, the 2 bathrooms, the sewer/water systems, but the restaurant space is already approved by the City of Portland, the Fire Department and has a 25-year positive relationship with the Health Department. These established functioning relationships represent a savings of not only the hassle of starting from scratch but in the increasing costs of fees & approvals. This district is one of Portland's growth neighborhoods. The restaurant location at one of the main intersections in town is immediately visible to both pedestrian and auto traffic allowing for aggressive marketing opportunities. Currently serving dinner only 5 days per week, income could be increased with additional hours. As recognition of the area expands, so does recognition of this centrally located, established business opportunity.
Reason for Selling:
Owner pursuing other interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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