Mediterranean/Continental, well reviewed with highest of ratings.

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

35,000

Employees

15

Facilities

Beautifully appointed, inviting, warm and an abundance of Continental-Mediterranean charm. Kitchen and prep areas are well equipped, and maintained. 11’ hood, grease interceptor. Dining room is inviting and full of tasteful decor, although some is personal and will be removed upon a sale. The ABN is not included nor are the recipes, cookbooks, and chefs personal hand tools. Seating For 48 in the dining room, 45 in the bar, a separate banquet room will seat 35.. It is easy to open up each section as needed.

Competition

Business has been steady. However, due to the dynamic growth in the immediate vicinity, the future look better than it has for several years. There are literally hundreds of new apartment units within a 2-3 block radius. The space is ideally located near Providence Stadium, the Multnomah Athletic Club, Theater, downtown, uptown, and The Pearl. The stadium has started to have live concerts and events after a several year hiatus Timbers and Thorns create high sales days. Also, hotels and businesses surround this prime location. Located on light rail.

Growth & Expansion

Currently, the restaurant is open six evenings for dinner, and three days for lunch. Hopefully, with the construction, the Theater coming on line and promotional ticket sales, the neighborhood, hopefully will develop a renewed revival.

Financing

50k, plus salable inventory down, balance to be negotiated at 6%% to qualified buyer.

Support & Training

Owner will stay for a limited time to assure buyer’s familiarity with staff, purveyors, equipment, the property, and long time customers. This is negotiable.

Reason for Selling

Basically absentee, except for the chef, 2 of the owners both 83, have signific