Landmark East Portland Diner and Bar

Gresham, OR (Multnomah County)

Landmark East Portland Diner and Bar
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Asking Price: $1,600,000

Cash Flow: N/A

Gross Revenue: $1,450,000

EBITDA: N/A

FF&E: $350,000

Inventory: $15,000*

Real Estate: $1,250,000

Established: 1953

*not included in asking price.

Landmark East Portland Diner and Bar

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Business Description

This Landmark Restaurant and Bar is located on a high traffic Street in Portland Metro Area. Opened in 1953 in a different location by the same family. It's time to retire so the Seller's are offering this high volume Restaurant and Bar with video poker. Sale includes the Real Estate with a large off street parking lot with a Tax Assessor Market Value of $1,267,910.00
Lottery Net: $159,000

Detailed Information

Location:
Gresham, OR
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,394
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,394 square foot is allocated to a Dining Area with a separate Lounge. Large off street parking lot. Business Hours: 5:30 am to 11 pm Monday thru Saturday and 6:30 am to 11 pm on Sunday
Competition:
This well established facility has a great local following as well as numerous travelers that stop in due to the longevity(66 years) of this restaurant/lounge
Growth & Expansion:
Owner's are getting up in age and have slowed down considerably in the last several years. An aggressive new owner could take this to a new level.
Support & Training:
Yes`
Reason for Selling:
Owner's want to retire after being involved in the business their entire life
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(from currently available funds)
 
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DAve Dingman

Business Listed By:
DAve Dingman

David E Clyde Real Estate

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Sponsoring Broker:
David Clyde

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