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Riverfront Restaurant
Location: United States -> Oregon
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,500,000
Cash Flow:   $510,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $295,000
Seller Financing:  Yes

About The Business

Year Established:  2007
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  While the owners will be available for a transitioning period, the rest of the staff will most likely be willing to stay on after the sale.
Reason For Selling:  Other Interests

Photos

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Riverfront Restaurant Photo 1




Print Listing Id: 700275816
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Oregon Businesses For Sale > Oregon Franchises For Sale > Oregon Business Brokers



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