Elegant, Posh Pizza Pasta Restaurant with Bar

Not Disclosed, OR
Multnomah County


Asking Price: Annual Revenue:
$280,000 $566,365

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Elegant, Posh Pizza Pasta Restaurant with Bar Broker: Daren Bucklin

Quick Facts

Asking Price: $280,000
Annual Revenue: $566,365
Net Profit: Not Disclosed
Cash Flow: $109,035
Total Debt: Not Disclosed
FF&E: $156,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 8
BBN Listing #: 769252348
Broker Reference #: 59071-546758

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Business Overview:

This profitable pizza and pasta restaurant has an elegant, first class, exquisite interior. No expense spared on the furniture fixtures and equipment you will be impressed the moment that you walk through the front door. The kitchen is enormous with state of the art equipment. Truly a chefs dream. The current owners also built out a back area into a bar with 5 lottery machines which represents a new and virtually separate revenue stream. It is brand new and no bar or lottery income is reflected in the current financial data. The back area can host private parties, corporate gatherings and has so many opportunities for a creative entrepreneur. This business is a must see.

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Property Features and Assets:

Opening it's doors in 2010, this restaurant has been at its current location for approximately the last three years. A recent build-out of the back bar with lottery machines is a new improvement and its positive effect on cash flow has yet to be realized.

Market Competition and Expansion:

This restaurant provides an exceptional kitchen which is essentially two in one, allowing for a variety of concept options and high volume production. This is a very attractive space with parking and an Italian menu offering a full bar. Space is adequate for hosting events and private parties. Located in high traffic area. Promotion of the newly built back bar which opened in October of 2018 for corporate lunch/dinner events and private parties is a huge opportunity. Expanding delivery zip codes and adding staff to both increase delivery sales and make service more efficient.

Reason for Selling:

Relocating

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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