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20% profit margins, exceptional cash flow, and consistent growth over 5 years! Owners will self-finance and provide buyer with 30% or better Return On Investment! 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. 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.
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 negotiable for the right buyer. Please contact IAG for full details, including location specifics.
The leased 5,400-square foot riverfront facility, which includes cold storage, commercial grade kitchen, dining areas on two levels and outdoor dining area.
Sunday Brunch-Dinner, 6 days Lunch-Dinner
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.
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