Turnkey Restaurant in Premier Location

Listing Number: 59071-877718

Description

Opportunity to acquire a great location in a Prime location in a revitalized space in a very popular district in NW Portland for a fraction of what it would cost to build out on your own. This business is currently a popular dinner, small plate and happy hour cocktail restaurant that has generated over $700K+ in sales consistently. The space is a corner location on the ground floor and is tastefully decorated. Fully equipped kitchen with Type I hood as well as an inviting bar with seating for 10. Seating capacity is approximately 55 indoor and outdoor seating for up to 40, which is especially attractive during our milder weather months.

The business is actively in operation and being sold as a going concern if the buyer desires. Included in the sale are all assets, equipment and leasehold improvements the current owner has made to the facility as well as access to existing employees. The company name is not included in the sale. You can adopt a similar concept under your business name or use this location and bring your own concept.
The location is fantastic for this business, the lease is favorable for the area and can be extended to buyers who qualify with the landlord.

Listing Details

• Price: $ 205,000
• Down Payment: $205,000
• Sellers Discretionary Earnings: $ 0
• Total Sales: $ 720,000
• Location: Multnomah County, Oregon


• Inventory: $ 14,225
• FF&E: $ 84,000
• Employees: 14
• Year Established: 2016
• Reason for Selling: Owner focusing on other business
• Category: Restaurants