Successful, Local, Established Bar Business for Sale

Damascus, OR (Clackamas County)

Successful, Local, Established Bar Business for Sale
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Asking Price: $350,000

Cash Flow: $99,000

Gross Revenue: $502,000

EBITDA: N/A

FF&E: $160,000

Inventory: $4,000

Real Estate: $450,000*

Established: 1924

*not included in asking price.

Successful, Local, Established Bar Business for Sale

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Business Description

Welcome to Shelly's Echo Inn! This business has been in existence since 1920 and has been taken care of for the last 30 years by one owner and she is ready to pass the baton on. This quaint tavern is located in the heart of Carver on the corner of a very busy intersection in an expanding community. It has recently had a major remodel, updating the overall atmosphere, operations, and equipment.
It is known for its homey feel, great service, and delicious food.
If you are looking to walk into a turn key operation with a great reputation then this might just be what you are looking for!
**Please do not disturb staff**

Attached Documents


Detailed Information

Location:
Damascus, OR
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,137
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
EQUIPMENT INVENTORY - 02’ Refrigerator True Brand Model T-19 - 2016 Char broiler - Stainless prep table x3 - 2016 Grill/Convection Oven - 2 Basket deep fryers - Heat Lamp - Dish washer - Deep sink - Double Prep table w/2door Fridge - Smaller Freezer - Ice machine - Glass chiller - Microwave - Blender - 8 Tap stainless kegerator/2 door - 3 door beer cooler - Glass rack - Buddy bar w/sink 1 door - 5 Carved wood tables w/chairs - 7 Bar stools - 2 Big screen TVs - Outdoor Ducan Commercial Grill - 2 Refrigerators in basement - 3 Crock pots - 5 Coffee pots - 2 Toasters - 6 Frying pans - 2 Large pots - 4 Kettles - 12 Pizza pans - 2 Cutting boards - 15 Basket shelving system - 11 Knives - 6 Produce baskets - 20 Dinner plates - 15 Large oval dinner plates - 10 Serving trays - 30 Steak knives - 30 Forks - 20 Spoons - 8 Assorted stainless bowls - Assorted ladles and tongs KITCHEN UPGRADE - 2016 Upgraded to commercial-grade - Commercial hood @$33,000 - Roses equipment @$20,000 - Stainless steel shelving @4,000 - Flooring, plumbing, grease trap and electrical @$45,000 - Air conditioner @$11,500 - All construction permitted NEW SEWER SYSTEM - Hook up to City sewer @$70,000 NEW SIDEWALKS & TRAFFIC LIGHT - Completion November 2018
Competition:
The current traffic count for the intersection that the business is located on is 11,000 ADT. New sidewalks and a traffic light have been installed, as of November 2018. This improvement will increase the visibility/recognition of the establishment. This is a prime location for the area. There is one tavern and one restaurant/bar in the area. They each offer different atmospheres and cuisine.
Growth & Expansion:
The current population of Damascus is 11,155 with a growth rate of 1.10% and a household median income of $82,830. This neighbors the ever-growing city of Happy Valley, in the expanding Clackamas County. There is possibility of expansion for this business with some of the usable space of the lot. The installation of a POS system would be a benefit.
Financing:
Real estate is not for sale, but new tenant will have first right of refusal.
Support & Training:
The owner is willing to provide up to 60 days of training/onboarding for new owners.
Reason for Selling:
Retirement
Business Website:
http://www.shellysechoinn.com
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Stayce Blume and Amelia Salvador

Business Listed By:
Stayce Blume & Amelia Salvador

PPG Commercial LLC

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