Consistently profitable, exceptionally located, well established, top rated turnkey casual/fine dining operation! 20% profit margins, 3X EBITDA, consistent annual sales & profit growth over 10 years! Assignable long-term lease! Owners with 35 years of experience ready to retire; WILL SELF-FINANCE with 25% down and provide buyer with 30% R.O.I. and transition support! Great local following year-round + located in one of busiest visitor destinations in NW Oregon! Full-service 150-seat riverfront restaurant and bar in beautifully restored historic boatyard offers 2 versatile levels of area's best river-view dining! Mezzanine level can accommodate up to 55 for private parties. Open 7 days for lunch, dinner and Sunday brunch – with unexplored daily breakfast and late-night bar/entertainment potential. The 300-square foot wine/gift shop at the entrance of the restaurant has additional revenue potential for private dining, etc. Adjacent event space for 200+ (separately owned) provides regular additional catering opportunities in-house off-season. Profitable and regular outside catering available in under-served local market.
The company has a proven 35-year track record supported by a very loyal and enthusiastic customer base, as well as a local business and hotel referral network. With a manager already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing negotiable for the right buyer. Please contact IAG for full details, including location specifics. Contact David Michaelson at 972-912-0033.