Popular Bar & Restaurant
Location: Oregon > Deschutes County > Central Oregon
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $1,100,000
Gross Revenue: $1,248,000
Cash Flow: $360,000
Inventory: $25,000 (Included in Asking Price)
FF&E: $125,000 (Included in Asking Price)
Seller Financing: Seller willing to negotiate payment terms for qualified buyers.
Business Summary
This restaurant & bar has a great location that attracts both the local and tourist business. Located in the heart of one of Central Oregon’s busiest commercial areas, this location has seen years of success with no slowdown in sight. This is a turnkey operation with trained and experienced staff in place. The seller has built a strong business that is holding up well in the recent economy. The Seller works the business on a semi-absentee basis, primarily working the money and books about 10hours a week. Good food accompanied by an excellent bar selection, 71% of sales comes from the profitable bar sales. If you are looking to get into the Central Oregon bar or restaurant business, this is a great opportunity.
About the Business
Year Established: 2000
Employees: 4 full time - 15 part time
Facilities: This business has one of the best locations in all of Central Oregon. The seating capacity of the facility is over 200 patrons. There is currently an attractive lease in place that runs through 2011 and includes two 5 year options.
Market Outlook and Competition: This restaurant and bar offers lunch, and dinner at reasonable prices as well as offering a full bar selection. This location caters to both the local community and vacationers alike. The seller has relied on word of mouth and signage to grow the business.
About the Sale
Management Training and Support: Seller is willing to stay on and train a new owner and introduce all business relationships, terms to be negotiated. There is responsible and experienced staff that can run the business on their own but the seller acts as the final work for management decisions. There are 4 full-time and as many as 15 part-time employees that are paid between $8.00 to $12 an hour.
Reason For Selling: Other Ventures
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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