Coffee Shop / Breakfast-Lunch Cafe

Portland, OR

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

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. 

Confidential Disclosure Agreement

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