Historical Restaurant
Oregon
Asking Price: $ 1,750,000
Cash Flow: $275,000
Gross Revenue: $467,000
FF&E: $75000
Inventory: $30,000
Year Started: 1950
Business Description
Own a piece of history with this incredible restaurant. This diner has been serving locals and tourists for over 70 years! The business owners have been very active in the community and have an excellent reputation, not only for the food they serve but for their community involvement and support. These owners are looking for someone to take over that will continue to be an integral part of the community.
This building sits on just over an acre of land and is fully equipped with a fully stocked kitchen. This is a turn key operation that comes with over $20k in kitchen equipment and $20k in food and stock. A new owner could step in today and start making money. If a new owner wanted to expand the hours of operations (currently only serving lunch) they would see immediate profit. They could also expand advertising and offer additional pick up or delivery services.
There are flexible seller financing options available for the right buyer. The current owner is willing to stay onboard for a while to ensure a smooth transition with vendors, employees, and of course the community.
Detailed Information
- Location: Oregon
- Industries: Restaurants & Food
- Building SF: 1200
- Rent: 14400
- Employees: 4
- Age of Business: 73
- Reason for Selling: Retirement
- Seller Financing: Yes
- Established After Year: 1950