One of The Dalles Favorite Drinking & Eating Venues (Rivertap)
| Asking Price: | $448,000 |
| Gross Revenue: | $1,500,000 |
| Cash Flow: | $150,000 |
| Inventory: | $25,000 |
Turnkey Operation for Owner/Operator or Chain Interested in Expansion
Rivertap Restaurant and Pub, established in 2009, is a standout restaurant and bar in The Dalles, Oregon. Located just 20 miles east of Hood River, The Dalles is the Eastern gateway to the Columbia River Gorge. Usually known for its beauty more than its food and beverage scene, Rivertap is a standout exception. Boasting 4400 square feet of space in a well-appointed and designed atmosphere, Rivertap's food and cocktail programs are voted Best of the Gorge 2024 by Bi-coastal Media’s annual contest. Having recently added a breakfast program to their offerings, they are now open from 8am to 9pm Sunday through Thursday, and 8am to 10pm on Friday and Saturday.
The building that houses Rivertap was built in 2008 by the current owners. They are offering the property, including its 21-space parking lot, as an optional addition to the business sale. It comes in two tax lots totaling 15,000 square feet. Both lots are being sold as a bundle for a list price of $1,640,000. All restaurant equipment is new in the last 6 years, and all of it has been well maintained.
Rivertap has a reputation as a welcoming place for the community of The Dalles to enjoy great food, friends, and local music - sharing the bounty of the Northwest in a warm and inviting setting. Its staff is skilled and experienced, and a visit to Rivertap is always a good time. Currently there are 11 back of house and 11 front of house staff, with managers for both segments of the restaurant.
The Dalles is growing and is developing a reputation as a bedroom community for Hood River. As rental and real estate prices increase in Hood River, more and more people are choosing to live in The Dalles to cut down on expenses. This is bringing a younger demographic to the area who are looking for lively and interesting places to spend their leisure time.
The owners are largely absent from day-to-day operations. They are always available and frequently on premises but trust their talented management team to handle daily operations.
