Beautiful restaurant with separate bar and lottery space

Multnomah County, OR

Beautiful restaurant with separate bar and lottery space
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Asking Price: $240,000

Cash Flow: $109,035

Gross Revenue: $566,365

EBITDA: N/A

FF&E: $156,000

Inventory: N/A

Rent: $3,300 /Month

Established: 2010

Beautiful restaurant with separate bar and lottery space

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Business Description

Located on an extremely busy street, this profitable Italian themed restaurant has an elegant, first class, exquisite interior. No expense spared on the furniture fixtures and equipment you will be impressed the moment that you walk through the front door. The kitchen is enormous with state of the art equipment. Truly a chefs dream. The current owners also built out a back area into a bar with 5 lottery machines which represents a new and virtually separate revenue stream. It is brand new and no bar or lottery income is reflected in the current financial data. The back area can host private parties, corporate gatherings and has so many opportunities for a creative entrepreneur. This business is a must see.

Detailed Information

Location:
Multnomah County, OR
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Opening it's doors in 2010, this restaurant has been at its current location for approximately the last three years. A recent build-out of the back bar with lottery machines is a new improvement and its positive effect on cash flow has yet to be realized.
Competition:
This restaurant provides an exceptional kitchen which is essentially two in one, allowing for a variety of concept options and high volume production. This is a very attractive space with parking and an Italian menu offering a full bar. Space is adequate for hosting events and private parties. Located in high traffic area.
Growth & Expansion:
Promotion of the newly built back bar which opened in October of 2018 for corporate lunch/dinner events and private parties is a huge opportunity. Expanding delivery zip codes and adding staff to both increase delivery sales and make service more efficient.
Support & Training:
1 week
Reason for Selling:
relocating
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Anthony Wright

Business Listed By:
Anthony Wright

Transworld Business Advisors of East Portland

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Sponsoring Broker:
Daren Bucklin

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