Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$195,000	Inventory	$4000*
Gross Income	$438,827	Real Estate
Cash Flow	Not Disclosed	Year Established	2002
FF&E	40000*	Employees	1ft, 10 pt

* included in the asking price

** not included in the asking price

This Cafe is an excellent restaurant facility ready for new ownership. The restaurant is in a 2,546 square foot renovated historic house on a quiet street and can be easily seen from the main thoroughfare (6th Street). The facility seats approximately 70 patrons inside and an additional 30 on the patio. Customer loyalty is exceptional. They currently serve breakfast and lunch 6 days per week and dinner 3 nights per week and also serve beer and wine. The business is not currently showing a profit and has been priced based on the furniture, fixtures and equipment value plus lease & tenant improvements plus location value. The current concept can be improved upon to increase sales or the facility is ready for a new concept. The business is currently generating $435,000 in annual sales. Cost of goods in 2006 was 41% and Payroll was 39% of sales. This business needs a restaurateur that can bring these key figures in line to realize profits or bring in their own concept. This Cafe has had some great press. They have been given a grade of A by the Bend Bulletin Go Magazine, a 9 out of 10 rating by Mountain Living Magazine and won the best breakfast and lunch award from the Source 5 times in the past 3 years. When you arrive at This Cafe the reason becomes clear beautifully decorated interior and an amazingly lush outdoor patio setting. This restaurant offers a one of a kind garden patio and dining in the beautifully remodeled historical home. They offer casual fine dining at a reasonable price. Dinner entrees range from $15.95 - $21.95. All of Central Oregon is growing rapidly. Redmond is located just a short drive from Bend, Sisters, and several of Oregon s desirable destination resorts. Key Figures for 2006 Annual Sales = $438,827 - ($379,171 in food and $59,656 in beverages) Cost of Goods = $181,610 = 41% of Sales Gross Profit = $257,217 = 59% of Sales Payroll = $171,912 = 39% of Sales Utilities = $24,936 = 6% of Sales

Facilities: Facility is 2,546 square feet, beautifully renovated two story house. Restaurant will seat 70 people inside with a large outside patio that holds an additional 30 people. Facility lease is $1.75 per square foot, Net, Net, Net. Facility has 10 shared parking places with a total of 50 available parking places behind location plus street parking. All equipment goes with the sale except lease equipment, personal computer, printer and round brass wall hanging upstairs. All of the art, clocks and church pew are owned by the landlord.

Competition: This Cafe stands out from the local competition regarding setting and quality of food. Plate prices vary between $5.95 to $10.95 for breakfast and $3.95 to $10.95 for lunch and $15.95 to $21.95 for dinner. Excellent beer and wine selection are available. Located in Redmond, This Cafe has served satisfied customers for the past five years. Redmond is a progressive full-service municipality and is considered one of the fastest growing industrial and residential communities in Oregon with a growth rate that continues to be about 8% per year.

Growth/Expansion: Restaurant Management: The business is currently generating $435,000 in annual sales. Cost of goods in 2006 was 41% and Payroll was 39% of sales. This business needs a restaurateur that can bring these key figures in line to realize profits. Typical cost of goods for this type of restaurant should be 30% - 35% and payroll should be 25% - 30%. Some decisive management may attain profits at the current sales level.

Financing: No

Support/Training: The Seller has acted as General Manager since acquiring the business. She can work all aspects of the business but primarily acts as floor manager during open hours. Seller willing to sign a non-compete agreement and train for 30 days. Staff consists of 10 part time employees who wait tables, hostess, cook, bus tables, wash dishes and help to clean the facility.

Reason Selling: Retirement to spend time with kids.