Price Reduced Fine Dining Restaurant in Theater District

Marion County, OR
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Asking Price:$95,000
Inventory:$10,000
FF&E:$150,000
Gross Revenue:$225,000
Rent:$4,400/Month
Established Year:2017
BUSINESS DESCRIPTION

Located in the downtown This fine dining restaurant has ben serving patrons fine Mediterranean and italian cuisine for over 7years. The business features fine cuisine as well as a full bar with an extensive wine selection and an impressive selection of distilled spirits.
The mirrored, solid wood and handcrafted is circa. 1920. The bar consumes the entire wall proudly displaying the vast selection of liquor.
The separate dining room features a quiet and pleasing atmosphere suitable for the fine dining experience. The business is well stocked and features a full line kitchen: including a grill, hood and walk in cooler. ( The bar, walk-in cooler and hood are the property of the land lord and are considered fixtures)


DETAILED INFORMATION
Location
Marion County, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/10/2024
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business occupies a space of approximately 3,000 sqft in the heart of the downtown Theater district. The space is divided into two main sections: the bar area and the formal dining area. The bar itself features big screen TVs that allow for viewing events in the bar area while not disturbing the patrons in the dining room. The dining area provides a formal dining space that has a small stage for live entertainment or a piano bar. The full line kitchen features all equipment necessary for an type of cuisine.
Competition
The business is the center piece of a number of dining experiences in the theater district. The restaurant offers a diversity of cuisine from Sushi to fine Italian food.
Growth & Expansion
The business could benefit from additional social media exposure, offering a lunch menu and expanded hours.
Financing
Seller Prefers Cash
Support & Training
Seller will train
Reason for Selling
Retirng
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Gary
L. Weston
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Gary L. Weston