Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$199,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1992
FF&E	N/A	Employees	4

* included in the asking price

** not included in the asking price

Property Description: This 16 yr old business has become an Ashland landmark. Currently in 2nd yr of 5 yr lease with 5yr option to renew. 3,168sf 2-story bldg includes restaurant & two 1 BR apts. The property is zoned commercial & could accommodate a variety of uses. The property has 2 parking spaces, is centrally located & adjacent to a city parking lot. The dining room is quiet & simply elegant. The fully equipped, efficient kitchen is a chef's delight. Swinging garden gates reveal broad lawns, flower gardens & well-treed garden dining area. Lilacs fragrantly enhance the yard. Aesthetically beautiful. Financially smart! Location Description: Ashland, OR is 15 miles north of the California border on Interstate 5 at the south end of the Rogue Valley, sitting about 2,000 feet above sea level. It is surrounded by the Cascade & Siskiyou Mountain ranges, lazy creeks, mountain lakes, & roaring rivers. Ashland is a pretty, small town with wonderful amenities because of the tourist-based economy: restaurants, wineries, shopping, galleries, museums, 25 parks, skiing, hiking, camping, golfing, bicycling, guest accommodations & theatre. Despite Oregon's reputation for rainfall, Ashland averages only 19 inches per year & about 10 inches of snow. The restaurant is located two blocks from the Oregon Shakespeare Theatre which receives more than 100,000 visitors annually.

Facilities: The NNN lease is 5 years with one 5 yr option to renew. Starting 2nd year. $2,000/mo for 1st yr with yearly CPI increase. Upper floor has two 1 BR apts which generate $1010/mo income. Equipment includes 2 6-burner gas range/ovens, gas convection oven, charbroiler, salamander, 6 door reach-in refrig, 48" refrig sandwich prep table, 2 stainless steel work tables, ice machine, bread warmer, slicing machine, 3 sink dishwashing station, 2 hand washing sinks, copper pots, walk-in cooler, 3 dry storage rms, 2 freezers, 3 refrigerators

Competition: The restaurant is in a prime location just 2 blocks from the Oregon Shakespeare Theatre which receives over 100,000 visitors annually. The dining room seats 54. There is an outdoor dining patio which increases the number of diners by about 30 during the outdoor season.

Growth/Expansion: The business is currently only open for dinner 5-6 nights. Lunch could be added or hours expanded. Currently there is a full liquor license. Catering, weddings & special events could be added. The upstairs apartments could possibly be changed to overnight lodging or banquet rooms.

Financing: Seller may consider financing with large down

Support/Training: Owner will work with new owner, if requested, for 30 days.

Reason Selling: Owner is retiring.