6 space food cart pod with Real Estate for sale

Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$91,233

InventoryNot Disclosed

FF&E$17,700
Included in asking price
Real Estate$500,000
Included in asking price
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6 space food cart pod with Real Estate for sale


Asking Price$600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$91,233

InventoryNot Disclosed

FF&E$17,700
Included in asking price
Real Estate$500,000
Included in asking price
Business Description
6 space Food Cart Pod business for sale with real property included! The Arborloook Pod ( @arborlookcarts instagram ) is located on busy N Greeley Ave. North of the Adidas campus and has lots of growth potential. This is the border between the Arbor Lodge and Overlook neighborhoods hence the name. Developed in 2021 with all the latest BDS standards for pods including underground electric, grease interceptor, restroom and hot hand washing requirements, plumbed trash enclosure etc...
Each of the 6 50 amp hook ups are metered separately so tenants can be billed based on use. The property includes a 600 sq ft. CMU building that is nicely tucked up in the SW corner of the lot and currently houses the Bottle Shop called Bottles and Cans ( @bottlesandcanspdx instagram ) ( Nomitated for BEST BOTTLE SHOP IN PORTLAND for the 2nd year in a row in the WWeek readers poll!) Large outdoor seating area where the food carts are located and outdoor seating covered by commercial tents. The Bottle Shop is currently set up as an independent LLC from the Food cart business and is not for sale. Bottles and Cans pays Rent to the Pod to be there and will continue on a 3-5 year lease. Food carts are on 1 year leases. Please do not disturb the Food Cart tenants as they don't know about a possible sale yet and we want to retain them for a new owner. Property could also be developed in to multi-family housing, a great investment opportunity- current owner is moving out of town but available for maintenance training and consultation.
About the Business
Years in Operation
4
Employees
1
Facilities & Assets
Full size city lot zoned CM 1 for residential or commercial. Developed as a Food Cart Pod. Currently has 600 sq ft. CMU 1 story brick building on site that houses a specialty beer and wine store called Bottles and Cans. Lot has been developed with the latest BDS standards and poised to capture carts from non-compliant pods. 6- 50 amp hookups for food carts/ RV, 250 gal underground grease interceptor, Bathrooms, outdoor hot handwashing station, trash enclosure with drain to sewer, underground electric/ plumbing, 675 sq feet covered seating under tent.
Website
http://www.arborlookcarts.com/
Market Outlook / Competition
Very popular food cart market, no close competition in neighborhood. Very visible on N Greeley ave with 30,000 drivers passing every day!
Opportunities for Growth
Room to expand regular events, establish markets and use during off hours/ days, raise rents, re-arrange layout to fit more carts/ seating.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
600
About the Sale
Seller Motivation
Moving out of town
Transition Support
As much as needed.
Listing Info
ID
2347181
Listing Views
2002
Business Location

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Business Listed by: Evan Ross

Listing ID: 2347181 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. See our full Terms of Use. Learn how to avoid scams.


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