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Landmark Italian Restaurant Nonna Emilia Ristorant
Not Disclosed, OR
WASHINGTON County
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| Asking Price: | Annual Revenue: |
| $500,000 | $2,427,028 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Landmark Italian Restaurant Nonna Emilia Ristorant
Contact: Jason Blair
Owner Financing is Available!
Owner Terms:$100,000.00 Interest:7% Term Months:60 Monthly Payment:$1,980.12
Quick Facts
| Asking Price: | $500,000 | |
| Annual Revenue: | $2,427,028 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $289,268 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $240,370 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1978 | |
| Employees: | 31 | |
| BBN Listing #: | 694852348 | |
| Broker Reference #: | 59071-161916 |
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Business Overview:
This a great restaurant that has been in business for generations and will continue to be a great location for families to come together to enjoy a wonderful Italian meal. Located outside of Portland in the surrounding suburb that is seeing amazing growth due to the influx of homes being built and the growing neighborhoods. There is a full liquor license as well as lottery machines in the bar. The take-out pizza has been a saving grace to get them through the COVID years and seeing more and more families coming back in for their dine in experience.
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Property Features and Assets:
Monthly Rent: $10,602.00 Square Units (Foot, Meter): 9,000 Lease Expiration Date: November 1, 2023, 12:00:00 AM Terms Options: NNN/5 year option
Market Competition and Expansion:
This restaurant is in an excellent location with strong neighborhood support and outstanding reputation. It differentiates itself from other Portland restaurants by its consistency in service and quality with menu options that serve to make ordering a difficult choice. This is “the go-to place” patrons rely on when seeking a satisfying, high quality dining experience to share with guests that does not disappoint. High customer satisfaction on social media with a wait is the norm. Reservations are always recommended during prime hours. Consistently generating over a million dollars in annual sales open only 30 hours a week this restaurant already has many ingredients for success. Within the last couple of months in 2022 the restaurant has been able to get back into on-site catering with the equipment on hand to really develop that business and generate more revenue streams. Also expanding hours of operation and creating a more robust sales & marketing strategy may propel additional growth.
Reason for Selling:
Other opportunity.
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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