Turnkey Neighborhood Bar/Restaurant

Not Disclosed, OR
Multnomah County

Asking Price: Annual Revenue:
$149,500 $528,914

Food & Beverage: Bars, Clubs, Nightspots

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RE: Turnkey Neighborhood Bar/Restaurant Broker: Jason Blair
Owner Financing is Available!

Quick Facts

Asking Price: $149,500
Annual Revenue: $528,914
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $31,192
Real Estate: Not Disclosed
Year Established: 2018
Employees: 8
BBN Listing #: 887352348
Broker Reference #: 59071-278727

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Business Overview:

Charming newly renovated turnkey bar/restaurant located on a prime corner in a busy NE Portland neighborhood. Situated among other amazing Portland bars/restaurants this is a restauranteurs’ dream location. Full kitchen with bar, indoor seating for 50 and sidewalk dining on two sides of the building. This business had a concept change just over a year ago and has shown steady and consistent growth. Ideal for owner/operator, abundant staffing is in place. Huge investment has been made in leasehold improvements to make this an ideal spot for new owner to either continue current concept or bring their own.

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Property Features and Assets:

Business has been owned by current sellers for just over a year and upon acquiring this business, the improvements and new concept have generated a 50% increase in total sales in the last 12 months and the sales growth trend is continuing. Although the owners love the neighborhood and the business it is located too far from family and have decided to sell to seek opportunities that will allow them to be closer to their home.

Market Competition and Expansion:

Location, location, location! Not all Portland area restaurants have the benefit of this prime location and a new buyer will be the recipient of all leasehold and capital improvements made by the current sellers. This location provides high visibility with an excellent landlord. Potential Growth: Currently this bar/restaurant is only open during evening hours and opportunity exists to expand hours of operation. Operational efficiencies can be gained with owner/operator.

Reason for Selling:

Other opportunity.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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