Asking Price:

$129,500

Gross Income:

$180,000

Cash Flow:

$28,000

EBITDA:

N/A

FF&E:

$157,000.00 *

Inventory:

$3,000.00 *

Real Estate:

N/A

Year Established:

2010

Employees:

3

Business Types:

Restaurants
Other Eating & Drinking Places

* included in the asking price

Business Description

This is a turn key, family friendly business. The best part? It's set up for you to walk in and operate immediately and turn an immediate profit. Our Gelato Lounge was named named 2011 BEST of Portland in just our 2nd year of business! This place has nowhere to go but UP from here!

Unbelievable price which includes ALL of the equipment, machines, and customers. The modern look and build out makes this place ready for you to walk in and operate efficiently. Great atmosphere day and night. This is a one of a kind business. There isn't another one with this concept in all of Oregon.

This business serves many popular, unique, and delicious, treats such as All Natural Non-Fat Frozen Yogurt, Authentic Italian Gelato, Coffees. Lattes, and baked goods. Everything is served in a comfortable lounge type setting with free Wi-Fi. This business has a fabulous location with daily traffic counts of more than 20,000 - there is very large foot traffic in the area because it is located in a busy Safeway strip mall across from a Sunset High School with over 2000 students, a lot of whom are regular customers. Located in a demographic of an average houshold income of $116,492.00. Our customers love us and we have wonderful "regulars" that visit us often.

Premises are leased for another 3 years at a great price. Ample parking and close to bus stops. 1300 sq ft and plenty of seating. We also have develolped a large database of text clients for last minute deals and marketing promos.

Detailed Information

Detailed Information

Facilities:

This is 1300. sq ft. Fully furnished, excellent parking, New build out with plumbing and electric, Lease assumable 3yr left .

Competition:

We are a one of a kind, being voted best gelato (gelato classico) in portland by many and being a coffee (longbottom) as well a self serve yogurt. Clients love to visit our live musician nights and local artists on walls. We have 10 new clients a day still after a year.

Growth/Expansion:

There is huge potenial to really increase profits in the hot food area. Also growth for expanding the coffee hours to new owner.

Financing:

some possible carry back.

Support/Training:

We will stay and train if needed.