Ideal Restaurant facility and location – Urban Portland Restaurant and
Portland, OR
| Asking Price: | $350,000 |
| Rent: | $6,500 |
| Gross Revenue: | $1,900,000 |
| Established Year: | 2016 |
Listing ID: 2274660Listing provided by BizBuySell
BUSINESS DESCRIPTION
LOCATION - Restaurant/Bar row, central to the revitalized downtown food & beverage scene. In a busy commercial/tourist district surrounded by offices, retail and residential. HIGHLY VISIBLE - WELL KNOWN
OPERATION - Popular bar/restaurant was built and established in 2016. Currently a cool ethnic operation with a festive outdoor patio. The space seats 100 comfortably, plus the patio, and could nicely accommodate a wide variety of concepts. The facility has a Full-On-Premises OLCC license.
MOTIVATION - Owners have other priorities. Business is “coasting”. Note that the concept and branded items are not being sold.
DETAILED INFORMATION
Location
Portland, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,265
Facilities
Corner location, featuring a beautifully designed and appointed modern dining room & bar, excellent lighting, inviting bar, and a fully equipped state of the art kitchen. The business occupies a 2265 rentable sq ft. plus patio. The lease rate is currently being offered for approx $6,500/mo. (NNN – approx. 3k).
Competition
Revitalizing district. Growing activity
Support & Training
Concept change - so the minimum
Reason for Selling
Other business priorities.
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