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Profitable Italian Restaurant in Great Location

Wilsonville, OR (Clackamas County)

Seller Financing Available
Profitable Italian Restaurant in Great Location
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Asking Price: $634,999

Cash Flow: $281,289

Gross Revenue: $1,485,955

EBITDA: N/A

FF&E: $60,000

Inventory: $17,000

Rent: $7,841 /Month

Established: 2005

Profitable Italian Restaurant in Great Location

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Business Description

Fine dining Italian restaurant and wine bar in one of Portland’s fastest growing suburbs. This establishment has been committed to serving delicious Italian food using the freshest and finest ingredients possible for almost 14 years. Well established with a very loyal customer base, this is a rare opportunity to own a restaurant that sees year over year growth in sales and profits. Fully staffed, with a greatchef preparing delightful meals to very satisfied customers. It has plenty of 4 and 5 star reviews on yelp, google, and trip advisor. Award winning for its food by its municipality and chamber of commerce. The restaurant has a top-notch wine selection and full bar with its own seating area that sits over (30). The main dining area seats over (70) and has a private banquet room that can seat (20) comfortably. In addition, there is a patio area surrounded by lush plants that seats (15). Tastefully decorated by an interior designer, has transformed this very large space into an intimate and comfortable setting. The kitchen is fully equipped featuring a 20-foot hood, 16 burner stove, 4 ovens, walk in freezer and refrigerator, pizza oven, deep fryer, and multiple food prep stations. As well as several coolers, dishwasher, other appliances, and catering equipment.

Detailed Information

Location:
Wilsonville, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,151
Lease Expiration:
N/A
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Opened in 2005, this restaurant has seen growth every year since. Most years 10% or more, it has seen every phase of an economy and has always grown from the prior year in sales. Due largely to a willingness to stay fresh by reinventing itself and its menu, but still maintaining the same concept. Because of this it has developed a very loyal customer base over its near 14-year history. Whether first time or loyal fans, their customers love this restaurant for its food and atmosphere.
Competition:
This is the only restaurant with a fine dining Italian concept in its city. The nearest direct competitors are 5 miles or more away. Its closest and only fine dining competitor in town is an American Bistro about a mile away off the same road.
Growth & Expansion:
As of now this restaurant does very little marketing and promotion. A modest marketing spend could see customer traffic expand significantly. While equipped to cater large events, its catering services have mainly stayed in house. An expansion into off site corporate and private events is an untapped revenue stream that awaits a new owner. The restaurant is located in a fast-growing suburb of Portland, which is seeing the arrival of many large corporate and industrial businesses and large residential developments.
Financing:
100000.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Michael Morrissey

Business Listed By:
Michael Morrissey

Transworld Business Advisors of East Portland

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Sponsoring Broker:
Daren Bucklin

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