Seller's Contact Information
- RE: Updated Restaurant And Bar
- Contact: Jason Blair
Quick Facts
Asking Price: | $30,000 | |
Annual Revenue: | $153,650 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 120,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 10 | |
BBN Listing #: | 131752348 | |
Broker Reference #: | 59071-928610 |
Business Overview:
This updated restaurant and bar is situated in an excellent growing neighborhood location and provides an ideal situation for a buyer seeking a new restaurant space or an additional location for a growing brand. The existing owners just updated the equipment and space and due to unforeseen circumstances are seeking to sell the restaurant. This is an asset sale, and the price is based on the market value of the assets and any inventory being sold. The kitchen has a hood and spacious prep space with a design that can accommodate virtually any concept. The dining room is bright and open with a large outdoor patio that is highly sought after in Portland.
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Property Features and Assets:
Facilities:Excellent open and bright space with a large outdoor patio. Monthly Rent: $4,250.00 Square Units (Foot, Meter): 1,800 Lease Expiration Date: June 30, 2025, 12:00:00 AM Terms Options: NNN / 5 year option
Market Competition and Expansion:
The restaurant is in an excellent NE location with strong support from the immediate and surrounding neighborhoods. Other new and old restaurants/bars are in the area that help drive business to this location. Turn-key kitchen and furnished dining room makes this a more viable option for restaurateur versus starting from scratch. This restaurant is just getting off the ground and has not met it full potential with the owner not able to give it all that it needs. It’s growth is only limited by the imagination of the buyers.
Reason for Selling:
change
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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