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Successful Riverfront Restaurant In Oregon For Sale

Oregon
Asking Price:
$2,300,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,500,000
Cash Flow:
$510,000

20% profit margins and consistent growth over 5 years! Servicing the local community in northwest Oregon, this full-service 150-seat riverfront restaurant and bar serves lunch, Sunday brunch, and dinner to individuals and groups. The dinner menu features a broad range of casual and fine dining dishes, with emphasis on locally-sourced seafood, meats and vegetables. The beverage program includes a well-stocked bar, local craft beers and an extensive regional wine list. Currently, 40% of the company’s revenue derives from local residents and 60% to tourists on an annual average. Revenue breakdowns could also be seen with 95% of revenues from individual standard dining and 5% from private parties and catered events. According to the Owners, they have chosen not to pursue the constant and growing demand for catering. Additionally, revenue opportunities which the owners have not pursued include daily breakfast service, an expanded happy hour as well as late-night entertainment and bar service. The 300-square foot gift shop at the entrance of the restaurant is under-utilized and has additional revenue potential in many possible uses.

The company has a proven 35-year track record supported by a very loyal and enthusiastic customer base, as well as a local business and hotel referral network. With a manager already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Property information

Real Estate:

Lease

Premises Details:

The leased 5,400-square foot riverfront facility, which includes cold storage, commercial grade kitchen, dining areas on two levels and outdoor dining area.

Business Operation

Reasons for selling:

Other interests

Trading hours:

Sunday Brunch-Dinner, 6 days Lunch-Dinner

Employees:
39
Years established:
2007

Other Information

Support & training:

While the owners will be available for a transitioning period, the rest of the staff will most likely be willing to stay on after the sale.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$250,000 - included in the asking price
Inventory / Stock value:
$45,000 - included in the asking price

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