Successful Upscale Family Resturant

Albany, OR (Linn County)

Successful Upscale Family Resturant
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Asking Price: $450,000

Cash Flow: $250,000

Gross Revenue: $2,000,000

EBITDA: $65,000

FF&E: $187,000

Inventory: $20,000

Rent: $7,800 /Month

Established: 2013

Successful Upscale Family Resturant

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Business Description

Top Grossing Independent Restuarant in area!

Frankie’s opened in 2013 with the simple goal of providing honest real food and to support our family through building a business that could support our community. Frankie’s is a proud supporter of local school programs, sports teams, Boys and Girls Club and many local family farms, which are the backbone of a small community like ours. Our food is fresh, seasonal, local and prepared with care by a talented skilled crew of local culinary experts. Frankie’s was built by family, for families and continues to build on the promise to support our community that truly has become our extended family. We love our regulars and can’t wait to meet more friends at Frankie’s.

Frankies is honored to have received the Best Burger, Best Lunch, Best Dessert, and Best Chef awards in Willamette Living’s 2017 “Best of the Valley”

Deep family ties are at the heart of what makes Frankie’s Restaurant a part of the Albany community. Since opening in the North Albany Village shopping center in August 2013, Frankie’s has contributed to numerous causes in the Albany area.

We proudly support The Albany Boys and Girls Club, South and West Albany Sports programs, St. Mary’s Soup Kitchen, Albany Farmers Market and Albany Carousel Project to name a few.

Detailed Information

Location:
Albany, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,502
Lease Expiration:
1/1/2022
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New Square 4 terminal, 8 Taps System, Full Stainless Steal Kitchen, ALL fixtures, furniture and inventory on sale day.
Competition:
Unique Concept that attracts regular loyal customers. Full On-Premise OLCC. https://www.facebook.com/FrankiesOregon/ https://www.instagram.com/frankiesoregon/
Growth & Expansion:
Lease Renewal for 10 years with options. Prime Location in busy upscale North Albany Shopping Plaza with lots of community growth in the area.
Support & Training:
Chef and Owner will Provide up to 3 months of on-sight training. Long Term-Trained Staff and Managment.
Reason for Selling:
Downsizing to focus on family.
Business Website:
http://www.frankies-oregon.com
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Business Listed By:
Cody Utzman

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