Restaurants for Sale Portland

Family Coastal Restaurant w/Real Property

Manzanita, OR

Price: $950,000
Broker(s): David P. Marlin

$1,200,000/year
$265,000/year
Contact for Info
3,300

Description:

Fantastic long established restaurant location is currently serving lunch and dinner Friday-Tuesday – 11:00AM-8:00 pm.   Their reputation for good food and service is well known. The real property, concept and name are part of the sale.   This beach town welcomes many tourists throughout the year with its relatively mild weather.   Currently a lunch/dinner only operation with high quality and a moderate price point they are a favorite of both locals and tourists.  The owner carries a full-On-Premises OLCC license.  

The location is key here.  This freestanding single use/restaurant property is professionally designed and has a top line kitchen. Beautiful dining room with natural light and wood beams and accents. The location is at the junction of 101 and the main drag into this vibrant Oregon coast town.  The restaurant is approximately 3,300 sq ft, seats 80+.  The Asset package is kept in excellent condition.  There is a huge private parking lot dedicated to the restaurant patrons.

Paid Management, Owner makes appearances, does payroll and oversees bookkeeping.

Certainly there is a market for expanding the service into breakfast. Additionally the current Seller is not an enthusiastic marketer.

General Information

Corporation
2016
Contact for Info
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80
3,300
PRIVATE LOT
OLCC, Health, Business
Fri-Tues - 11am-8pm
retirement

Financial Information

$1,200,000/year
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$265,000/year
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Lease Information

$/month
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Not Available
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Not Available
Not Available

Financing Information

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Confidential Disclosure Agreement

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Date Added: 2020-01-07