Kitchenware Business in Prime Location

Bend, OR (Deschutes County)

Store View - Main Floor
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Asking Price: $459,000

Cash Flow: N/A

Gross Revenue: $1,110,160

EBITDA: N/A

FF&E: $35,000

Inventory: $195,000

Rent: $5,453.70 /Month

Established: 2007

Kitchenware Business in Prime Location

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Business Description

Profitable & well established business with growth potential

Profitable culinary oasis with long-term established customer base is independently owned and offers hand selected products for both professional and home cooks alike. The business is supported by a loyal and an increasing customer base of a growing population, in addition to Central Oregon's continuously increasing tourism. The owners are accepting offers from qualified buyers interested in a thriving business with national purchasing strength, impressive media & marketing exposure and plenty of parking.

The sales price of $459,000 includes +/- $35,000 of FF&E. Inventory of approximately $195,000 at cost (as of March 2019) is extra and negotiable. Please respond describing your related business background, the type & size business you seek, your investment capability and your interest in this business. Before additional information & financials are released, the owners require a signed confidentiality agreement (Non-Disclosure Agreement). To print the form, please see Attachments.

Attached Documents


Detailed Information

Location:
Bend, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,226
Lease Expiration:
5/31/2023
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store consists of: 1st Floor (+/- 2,226 SF rentable) Mainly open concept with back storage, ADA vertical lift/elevator and ADA bathroom. 2nd Floor Loft (+/- 1,800 SF non-rentable) +/- 718 SF of open space with fully equipped demonstration kitchen overlooking the store, plus storage & small office space. 2nd floor loft space can also be used to display merchandise. Permitted Use: the retail sale of kitchenware, books & linens, cooking classes, wine tasting and as a minor ancillary portion of Tenant's business, the sale of food stuffs, wine
Competition:
This is the leading specialty, gourmet kitchenware store in Central Oregon, and is located in one of Bend’s premier shopping locations.
Growth & Expansion:
The demonstration & test kitchen in the loft with seating for 20 currently serves as a "lab" for testing products and has offered cooking classes in the past by chefs from Italy, Mexico and Cambodia, as well as nationally acclaimed food writers, educators & restaurateurs. A new owner can restart these classes to grow the business as there has been a demand from existing clients. Potential additional annual revenue of approx. $100,000 plus additional revenue from the sales of bottled wine and merchandise sold after classes.
Support & Training:
Owners are available to train and assist new owner with a smooth transition.
Reason for Selling:
Retiring
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Business Listed By:
Delia Feliciano

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