Profitable Historic Portland Pub in Excellent Location

Portland, OR (Multnomah County)

Seller Financing Available
Profitable Historic Portland Pub in Excellent Location
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Asking Price: Get Financing: $195,000

Cash Flow: $97,861

Gross Revenue: $579,703

EBITDA: N/A

FF&E: $53,500

Inventory: $5,000

Lease Rate: $6,161.97 /Month

Established: 1935

Profitable Historic Portland Pub in Excellent Location

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Business Description

Rare Opportunity to Own Awesome Business with Portland History

Popular historic sports bar situated in one of Portland’s most highly sought locations. Decorated with sports memorabilia, autographed photos of visiting celebrities, scoreboards, trophy’s and awards collected over its 80+ year history and complete with an iconic sign that routinely draws in visitors for photo ops. This established and profitable sports bar has an attractive and relaxed atmosphere its customers appreciate and enjoy. In addition, customers come just to experience its legendary menu item that has made it famous and pairs perfectly with their wide selection of beers, well drinks and specialty cocktails. Indoor and outdoor seating with full kitchen. This sports bar is turnkey with a consistent track record of success.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Commercial bar/restaurant space adjacent to other businesses, restaurants etc on busy street When you purchase this business, you are building on a legacy of success that started with the original owner in the mid 1930’s and has continued serving Portlanders and tourists for over 80 years!! This is a unique opportunity to own a piece of Portland history that has a loyal following and become an iconic, popular spot for tourists. This establishment has served many famous people and won numerous awards over the years for being a top place to eat and experience. The current and 4th owners have successfully carried on the traditions that have made this establishment unique and are selling to decrease their business obligations and spend more time with family.
Competition:
There are many sports bars in the Portland area however none of them have the brand recognition this business has developed over the years or their famous menu item and recipes - all of which are included in the sale.
Growth & Expansion:
On a larger scale, this proven brand and concept provides the buyer an opportunity to invest in and duplicate this concept and brand at multiple locations and as a proven concept this business has potential for franchising in the future. On a smaller scale, there is growth opportunity to add lottery, implement an intentional sales and marketing strategy to expand catering and pick up order to go business as well as implement incentive programs to discount loyal customers and add repeat business.
Financing:
65000.00
Support & Training:
1 week
Reason for Selling:
semi-retiring
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Daren Bucklin

Business Listed By:
Daren Bucklin

Transworld Business Advisors of East Portland

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