Large Fully Remodeled Tap House

Portland, OR (Multnomah County)

Seller Financing Available
Large Fully Remodeled Tap House

Asking Price:$150,000

Cash Flow:N/A

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:$200,000

Inventory:$10,000*

Rate/Sq. Ft.:$7.30

Established:2015

*not included in asking price.

Large Fully Remodeled Tap House

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Business Description

Beautifully remodeled SW Portland Pub available. Completely remodeled in 2015, the investment in furnishings and equipment is evident immediately. The operator stumbled out of the gate and is choosing to focus energy on existing strong revenue streams.

Excellent opportunity for strong operator.

$5560 per month for the entire 9144 sq ft facility and parking.

Seating broken into separate dining rooms and bar, but room to accommodate over 200 comfortably, more for reception style events in upper dining rooms.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
9,144
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Monthly rent $5560.00 plus reasonable NNN's - unbelievable opportunity with respect to rent, includes parking. Lease Deposit $5560.00 9144 sq. ft as follows: 1) Restaurant: Beautifully remodeled dining area, featuring custom wood tables 2) Bar: Well done bar with 30 taps and digital pour software 3) Private Dining and Event Space: Upstairs features large dining areas. 4) Primary Kitchen: Extremely well equipped and kitchen with large hood 5) Production Kitchen: Very nice bonus kitchen for prep or banquet production, loading docs and garage door access . Equipment and furnishings package investment made in preparation to accommodate $4-5mil in annual sales.
Competition:
Brew pubs in Portland are the new family restaurants. This one seems to be ideally located.
Growth & Expansion:
No need to grow or expand - simply operating at capacity ensures financial success.
Financing:
Seller prefers cash but can finance a well qualified buyer
Support & Training:
Transition support available as needed.
Reason for Selling:
Recent opening stumbled choosing to move on -

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Dean Vacheresse (vash-er-es)

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Dean Vacheresse (vash-er-es)

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