Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$145,000	Inventory
Gross Income	$488,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1937
FF&E	N/A	Employees	8

* included in the asking price

** not included in the asking price

Recently fully renovated. Established 75 + Years in the heart of Portland. LOCATION - Hawthorne District the highest foot traffic density in east-side Portland retail. Most visible and recognizable sign in the district. There is ample street parking. OPERATION - Old school art-deco diner meets circa 2000 s hip bar. Lunch, dinner, lotto. Minimal employees, simple menu. Old-Portland memorabilia. MANAGEMENT - The ownership has an operating partner that manages the business but does not pull a shift, and is paid $42,000/yr.

Facilities: Small and efficient 1,525 sq ft.; 48 seats; Rent is $4,743/mo NNN. Situated in mid block, this facility is seasoned, recognizable and was renovated in 2008. The existing lease term goes through May 2013, with two 5-year renewal options.

Competition: Absolute best location. Needs inspired ownership.

Support/Training: Seller will train

Reason Selling: Partners are divesting