Historic Restaurant On Scenic Byway
Not Disclosed, OR Clackamas County
Pacific Northwest
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- RE: Historic Restaurant On Scenic Byway
- Contact: Linn Crader
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $663,242 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $23,908 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $104,849 | |
| Real Estate: | $930,000 | |
| Year Established: | 1926 | |
| Employees: | 8 | |
| BBN Listing #: | 999050 | |
| Broker Reference #: | 8101-19105 |
Business Overview:
Located on a scenic byway, this historic restaurant has a ton of metro charm and a varied menu of good, home-style food, Oregon lottery and an Oregon liquor license. Customers include locals, travelers and tourists, many who have been stopping at the restaurant for over 20 years. The real estate and business are priced together below asset value of the real estate. This is a great opportunity for an owner/operator.
Contact the Seller:
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Property Features and Assets:
The basic construction of the building is wood frame situated on highway frontage that connects major tourist and local travel. There are three separate buildings: the restaurant, a previous apartment that is used as office space and a smaller storage building. There is deferred maintenance on the restaurant.
Assets = $1,049,149
Market Competition and Expansion:
While there are other eateries along the scenic byway, there is nothing that compares with the history and charm of this restaurant and bar.
It's the Owner's opinion that sales could more than double with a qualified breakfast chef.
Reason for Selling:
The Owners are retiring. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Oregon businesses for sale
- View more Businesses For Sale in the same industry
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- Find a business broker
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