Asking Price $375,000  Cash Flow: $158,568

Gross Revenue: $1,378,34
EBITDA:
FF&E: $175,000
Inventory: $15,000
Rent: $7,300 per Month
Established: 2011

Business Description:

This restaurant is 100% absentee owner run. It operates with key staff and systems that are long established. It is a landmark with a strong history and continues to go strong. The model focuses on simple, flavorful food that can is easily prepped and delivered in a cost efficient manner. They operate in a couple locations.

The long-term staff, management systems, and absent owner provide a smooth platform for transition and put a new operator in a great position: Either as a working owner who can quickly garner greater financial rewards and appreciation of the staff, or as a continued absentee owner that prefers an administrative role.

 

Detailed Information:

Location: Portland, OR
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 2,680
Lease Expiration: 5/31/2022
Employees: 20
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Corner Location with parking
Competition: Unique niche
Growth & Expansion: Demonstrated growth potential. This is a definite highlight of this offering.
Support & Training: As needed.
Reason for Selling: Living out of state