Business Overview

Great neighborhood corner location in inner-central SE Portland
Complete kitchen kit includes hoods, grease trap, walk-in et al. VERY well maintained
Local watering hole with good food vibe. Wrap around bar and comfy dining room
Lots of natural light
Room for games, lotto, etc (no lotto at this point)
Street seats and sidewalk seating
Good market rent rate ($24/ft)
Great price.

Financial

  • Asking Price: $75,000
  • Cash Flow: N/A
  • Gross Revenue: $450,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Featuring a real bar room atmosphere with contemporary design and décor, finished concrete floors throughout, different revenue areas, excellent lighting, an attractive dining room, and a well-equipped kitchen, the facility regularly upgraded by the current owner. In season, there is a sidewalk that allows for a festive outdoor gathering place.

Is Support & Training Included:

Seller will consider

Purpose For Selling:

retirement

Pros and Cons:

Awesome location and facilities

Opportunities and Growth:

Expand hours of service. Network/market to your immediate locals.

Additional Info

The venture was started in 2008, making the business 14 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. However, the genuine reason and the one they say to you may be 2 completely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is really vital that you not count absolutely on a vendor's word, but rather, use the seller's answer together with your overall due diligence. This will repaint an extra reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their daily revenues. Particular aspects such as new competitors growing up around the location, road construction, as well as employee turnover can affect repeat consumers as well as adversely affect future revenues. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical family income influence future revenue prospects?