Seafood Family Restaurant - Rated #1

Reedsport, OR (Douglas County)

Seller Financing Available
Harbor Light Restruart Front with parking

Asking Price:$379,000

Cash Flow:$120,000

Gross Revenue:$900,000





*not included in asking price.

Seafood Family Restaurant - Rated #1

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Business Description

This is a Seafood Restaurant in an excellent location, well-established, #1 rated in social media, profitable with excellent business growth and/or facilities expansion opportunities.

Detailed Information

Not included in asking price
12 to 24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The Harbor Light restaurant as an entity, began in the mid-70's. The business is located on U.S. Highway 101 at the intersection where Oregon State Highway #138 meets highway 101. The restaurant offers patrons excellent visibility with safe access & egress into it's private off-street parking area. The parking area allows for 15 or more vehicles. The interior space offers approximately 2,100 sq/ft and seats 38+ patrons. In 2015 the 38 seats created $24,296 per seat per year of gross income. For over 30 years Chef/Owner Lauree Serang has been steadily upgrading the look, freshness and quality of the food and the friendliness of the staff. Consequently, ratings of the top social media leaders, TripAdviser, Yelp and Google all rate the HARBOR LIGHT Restaurant as the #1 rated restaurant in the market area.
The superb location, loyal returning clientele and excellent reputation, and being rated the #1 restaurant rating on social media, Seller believes that there is little or no competition in the immediate market area. Seller states that; "We have little competition in our area. We have a regular local clientele who make this their detestation and we have many customers who come from cities within a 90 mile radius."
Growth & Expansion:
Seller believes there is business growth potential for a new full-time owner operator. At this time, seller is away from the business and area for six (6) or more months per year. Seller believes there is a 'great for increased sales through expanding the present catering business'. There is room for expansion of the existing restaurant interior for up to 20 additional seats. (in 2015 each of the seat created $24,000+ revenue.) Finally, Seller understands that there are five(5) vacant city lots & land immediately adjacent to the restaurant that could be purchased to create additional off-street parking and/or for the construction of a new and larger restaurant.
YES, to qualified Buyer
Support & Training:
In an effort to help facilitate a smooth business ownership transition, seller or seller's representative agrees to provide on-site orientation and/or training at NO COST to buyer for up to two (2) weeks or ten (10) days immediately following the sale.
Reason for Selling:
Seller wishes to retire.
Business Website:

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Paul Peschiera

Business Listed By:
Paul Peschiera

Windermere Commercial - Business Acquisitions of Oregon, Inc.

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