Absentee Owned Turn-Key Established Neighborhood

Not Disclosed, OR
Multnomah County


Asking Price: Annual Revenue:
$215,000 $1,284,013

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Absentee Owned Turn-Key Established Neighborhood Broker: Daren Bucklin
Owner Financing is Available!
Owner Financing Terms $65,000.00 Owner Financing Interest 7% Owner Financing Terms Months 36 Owner Financing Monthly Payment $2,007.00

Quick Facts

Asking Price: $215,000
Annual Revenue: $1,284,013
Net Profit: Not Disclosed
Cash Flow: $106,694
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 23
BBN Listing #: 307252348
Broker Reference #: 59071-302579

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Business Overview:

Full-service, busy neighborhood restaurant in excellent location that provides a high-quality Portland style culinary experience featuring fresh, seasonal farm to table ingredients cooked in a wood fired oven. Full bar serving delicious craft cocktails, excellent wine selection and beer on tap. Inviting atmosphere with large windows, attractive and efficient floorplan with indoor seating for up to 95 this includes the bar and space for private groups. Additional outdoor dining was expanded during pandemic with seats available for 30-40 and this can remain. Like all full-service restaurants, the pandemic impacted operations however they quickly pivoted to expand their take-out convenient curb side service which was highly supported by their loyal neighborhood customer base. Sales and operations have returned to their pre-COVID status. Full kitchen with walk in freezer and refrigerator large hood, large storage space in basement, upstairs office, and designated customer parking with adequate street parking.

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Property Features and Assets:

In operation for over 15 years the owners started the current concept with the goal to create a quality dining experience for the neighborhood featuring a consistent menu of popular items along with seasonal favorites made and sourced locally with fresh ingredients. The owners began and directly managed the business for multiple years as they implemented systems, standardized operations, and hired a very capable chef and team that eventually fully assumed day to day operations. The owners have been operating the business primarily as absentee owners for the past four years and are ready to retire. Commercial restaurant with bar and room that could accommodate larger group with outdoor sidewalk dining upstairs office large basement storage wood fired oven and well equipped kitchen.

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 20 hours a week this restaurant already has many ingredients for success. Expanding hours of operation and creating a more robust sales and marketing strategy are strategies a new buyer could implement to propel additional growth.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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