SE PDX Restaurant

Portland, OR
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Asking Price:$88,000
Rent:$2,700/Month
Established Year:2022
Gross Revenue:$488,705
FF&E:$34,000
BUSINESS DESCRIPTION

A turnkey restaurant located in a densely populated SE Portland neighborhood. The restaurant shares a covered patio and outside tables with a cocktail bar and a pizza shop. Food can be ordered at the outside tables, at the cocktail bar, and in the restaurant's dining room. An affordable lease of approximately $2,700/month, with first-class furniture, fixtures and equipment. The size of this restaurant is ideal for a low overhead, take-out focus. Some interior seating (also bar seating) and outdoor picnic area (covered) shared with the other two establishments. The assets are being offered in the sale and the landlord would welcome an established restauranteur or an established food cart owner. The owner/chef is leaving with the sale so a new concept would be needed. Cash sale only, no loans or seller carry notes. No low-ball offers considered. For more information on this opportunity an NDA will be required.


DETAILED INFORMATION
Location
Portland, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,016
Lease Expiration
30/04/2026
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Frist-class furniture, fixtures and equipment. The lease has two additional 5-year buyer options. Beer and wine options for a buyer or pass on the liquor license all together as customers can order from the cocktail bar next door. The cocktail bar has bar codes on its tables allowing for food to be ordered from this restaurant. Fantastic, shared concept space.
Competition
This is a destination location for locals that have three businesses to visit in this shared building/exterior common area.
Reason for Selling
Other business opportunities.
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Anthony
Wright
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Anthony Wright