Spectacular Vietnamese Cuisine Restaurant

Not Disclosed, OR
Washington County

Asking Price: Annual Revenue:
$344,999 $724,039

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Spectacular Vietnamese Cuisine Restaurant Broker: Michael Morrissey

Quick Facts

Asking Price: $344,999
Annual Revenue: $724,039
Net Profit: Not Disclosed
Cash Flow: $193,537
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 336752348
Broker Reference #: 59071-293810

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Business Overview:

A popular Vietnamese/Asian cuisine restaurant with a delicious American-Asian twist. Opened 4 years ago in 2017, the sellers started this business because they always wanted their own fine-dining restaurant and have a passion for this type of cuisine. They use proprietary recipes to make their flavorful dishes, that keep customers coming back for more. Even during the closures forced by pandemic, their popularity through online ordering apps sustained the business and kept it healthy, allowing them to retain almost all their staff. This beautiful custom built restaurant seats 80 customers, with an outdoor patio, sales are back to pre-pandemic levels. It is in a prime location in a popular SW Metro suburb. And is surrounded by neighborhoods, high end condos, and shopping centers. This business is a very lucrative opportunity for anyone looking to own a restaurant.

The business was opened in June 2017. A husband and wife share ownership. The sellers opened it because they always wanted to own a restaurant and planned to have their daughter run it once she finished college. Their daughter has had a change of heart and wishes to pursue other dreams. Which is the reason for selling the business.

This restaurant is in a popular commercial area, with lots of retail and multiple restaurants near by. However, their closest true competitor is over a mile away in a different town.

The business is performing at pre-pandemic monthly sales and not yet able to have full capacity. Once full capacity dining is able to occur, sales are expected to increase organically. An increase in their online and social media marketing could help push their brand presence deeper into the Portland market, opening the door to a future 2nd location.

Located in a commercial plaza, which is part of a High end condominium and apartment development.

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Reason for Selling:

Lifestyle changes.

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.

Relevant Links:

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