Craft Pizzeria & Tap House Monmouth, OR - Just 1 Block From WOU Campus

Monmouth, OR (Polk County)

Seller Financing Available
Craft Pizzeria & Tap House Monmouth, OR - Just 1 Block From WOU Campus

Asking Price:$925,000

Cash Flow:$272,074

Gross Revenue:$950,000

EBITDA:N/A

FF&E:$150,000

Inventory:N/A

Rate/Sq. Ft.:$9.00

Established:2012

Craft Pizzeria & Tap House Monmouth, OR - Just 1 Block From WOU Campus

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Business Description

Featuring craft pizza and craft beer. As well as freshly made appetizers, salads, calzones and desserts. Along with 26 rotating micro-brewed beers on tap! Plus, growlers to go and kegs on request. Cider, soda and wine also available.

Proudly use yeast cultivated on site and stone ground flour from Bob's Red Mill to make their signature dough fresh every day! Their deliciously unique pies are made by hand, using the best organic flour, the highest quality cheeses and the best toppings available, then baked on a massive stone deck oven. Customers get to choose from their specialty pizzas, a daily chef’s special that is both inventive & creative or they can build their own.

Dine in, take out and delivery till 9p to the city limits of Monmouth and Independence. Online ordering also available.

Cool interior with an electric décor and fun atmosphere. Plus, the only pizzeria in this well established college town with little commercial space to add another.

Turnkey! Concept is also trademarked and positioned for franchising.

Sales up year over year over year!! Projected 2016 sales $950,000, 2015 sales $837,680 and 2014 sales $726,037.

New upgraded POS system just installed in August with a robust online sales module is expected to increase sales even further.

Prime retail space on Main St in downtown Monmouth next to City Hall. Just one block from the campus of Western Oregon University, one of the top rated mid-sized universities in the nation with over 6,000 students and plans to double enrollment in the next 7-10 years.

Monmouth and its neighbor Independence are only 20 minutes from Salem, the state capital and just a short drive from Corvallis. Downtown is conveniently located right off Highway 99 with over 100,000 car passing by daily. With The Pacific Ocean and Cascade Mountains just an hour’s drive from the city, Monmouth offers numerous opportunities to enjoy the outdoors and also benefits from a great deal of tourism in the area.

Highly confidential listing, please do not discuss with employees or patrons.

Listed by Tami Hillier at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,800
Lease Expiration:
12/31/2017
Employees:
1 Full/25 Part
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space - cheap $2,100/mth ($1,500 for restaurant & $600 for storage area) plus $108/mth for utilities. Current lease expires 2017 with the one 5-year option. Square Feet: 2,800 (1,800 sqft restaurant +1,000 sqft storage area.) Seating: 75 Inside & 8 (Possible) Outside. Hrs Of Operation: Daily 11a-10p.
Competition:
Best pizza in town. Best pizza in Monmouth hands down. Best pizza dough around. Best beer selection in the valley. Known for their delectable pizza, excellent beer selection, fast delivery and outstanding service. Different than any other pizza place. Highly recommended. 4.5 stars on Yelp. Great reputation to continue to build upon!
Growth & Expansion:
Local favorite. Huge following. Great place for lunch, dinner, date night, before & after games at WOU and just spending time with family & friends. Very popular with the students and locals alike. Family friendly. Zero marketing dollars have been spent thus far!
Financing:
Possibly, to a well qualified buyer with substantial down.
Support & Training:
Two weeks on-site comprehensive training.
Reason for Selling:
Retiring.

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Tami Hillier

Business Listed By:
Tami Hillier

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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