Historic Portland Bar/Restaurant

Multnomah County, OR

Historic Portland Bar/Restaurant
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Asking Price: $199,000

Cash Flow: $71,902

Gross Revenue: $797,435

EBITDA: N/A

FF&E: $125,000

Inventory: $18,000

Rent: $6,700 /Month

Established: 1977

Historic Portland Bar/Restaurant

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Business Description

Popular Portland Establishment with Huge Potential

Ideal opportunity to own one of Portland’s popular historic bars and restaurants that has been in operation for over 40 years. You will not find this level of nostalgia and charm that hosts a part of Portland’s history anywhere else. Beautiful wood crafted unique bar and welcoming atmosphere, high ceilings, brick walls, quaint fireplace, and two levels of seating, quaint outdoor patio, perfect for small groups, parties or romantic evenings out. Full kitchen. Lottery machines also come with the package. Sellers are open to a variety of deal terms and one of the owners is willing to continue to manage under new ownership if desired by buyer. Outstanding reputation and excellent on-line reviews.

Detailed Information

Location:
Multnomah County, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This historic attractive restaurant and lounge has been operating for over 40 years. It is known for it's inclusiveness and welcoming atmosphere to everyone. The sellers are looking for a buyer interested in preserving the history and taking this restaurant and bar to the next level.
Competition:
Portland is a competitive market for bars and restaurants however this is a unique atmosphere with a history that can't be replicated by it's competitors. A huge opportunity exists to build upon the history. This business is popular with locals and is in an excellent location to play host to the variety of tourists that come to the city.
Growth & Expansion:
There is opportunity to increase lottery. expand hours of operation, increase special events, modify menu options and expand formal marketing program.
Support & Training:
1 week
Reason for Selling:
retiring
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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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