Restaurants for Sale Portland

Coffee Shop / Breakfast-Lunch Cafe

Portland, OR

Price: $75,000
Broker(s): David P. Marlin

$640,000/year
Contact for Info
$1,775/month
1,400

Description:

A long established, well known and visible Portland cafe located on a busy SE thoroughfare.  The concept and name are part of the sale.  Currently open 4 days a week – Fri-Mon 8-2 for breakfast and lunch. Lots of regulars.  Employee managed with costs in line and an attractive menu.  This is a turn-key business.  Seller will participate in the ownership transition.

Great location on busy street.  The equipment is kept in good working order and cleanliness is a priority.  Type 1 hood is part of the equipment package.   There is extra kitchen prep space & storage for greater production. Total square footage is approximately 1400 with 35 seats indoors and 30 outside.. The lease rate is currently $1,775/mo., including NNN charges. The base term of the lease expires in 2022 and there will be a new lease for a Buyer. There is a cozy urban feel to the room.

Absentee ownership – employee operated.

Revenues for 2019 were approx. $640,000 and during 2021 (covid – no indoor seating for 5 months) revenues were $280,000.  Full seating is back, but currently the business is operating fewer days and hours than in 2019. 

General Information

LLC
2000
2018
Contact for Info
35
1,400
street
Health, Business
Thurs-Mon 8-2
personal

Financial Information

$640,000/year
Contact for Info
Contact for Info
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Contact for Info

Lease Information

$1,775/month
Contact for Info
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: 2022-06-15 | Last Updated: 2022-08-08