Awesome Hamburger, Fries and Beer

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Excellent Growth Potential in High Traffic Space
Asking Price:
$79,999

Gross Revenue:
$377,109
Cash Flow:
$28,467
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$57,321
included in asking price

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Business Description

RED HOT location in downtown Portland, right next to Providence Park Stadium. This unique Burger and Fries concept has been feeding locals and sports fans for years using a natural and sustainable green process that involves sourcing all natural, organic, and local products. A neighborhood favorite for residents, commuters, and sports fans alike, this spot gets extra busy during soccer season with Timber's and Thorns Fans. Buyer has option to continue with successful franchise brand or change to a privately-owned restaurant (landlord approval needed), This is an excellent opportunity to secure a heavy foot traffic and exclusive restaurant location in the Portland market. Excellent full kitchen, completely remodeled with new equipment and fixtures, for efficient service with a fast-casual dining concept. Attractive, indoor space with street views and plenty of outdoor dining space.

About the Business

Location:
Multnomah County, Oregon
Year Established:
2014
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
1,794
Rent:
$2,981.03 Per Month
Facilities:
Street Facing Commercial space in ground floor of Condominium Building in Downtown Portland

A growing Pacific Northwest Franchise, this location is the first in Portland, OR. Opened in 2014, it has become a go to spot for hungry passersby and loyal customers seeking a unique and healthy variety of Burgers and French Fries. The restaurant is heavily sought, with average monthly google searches of approximately 500 and achieving an impressive 4/5-star rating with 182 Yelp reviews to-date.
Market Outlook/
Competition:
This restaurant is located among a variety of dining options in a busy downtown Portland neighborhood on one of the main arteries in and out of downtown. The surrounding eateries and boutique shops complement the restaurant, including the many residential condominiums in the vicinity. Major League Soccer season sees an influx of new and returning customers every year.
Growth & Expansion:
The location is PRIME. With very little money currently spent on advertising and promotions, a healthy advertising expansion could see a big return in customer growth. The venue currently serves beer, but given its proximity to Timber’s stadium, expanding to a full bar could also significantly boost profits and customer flow. With the expansion of Providence Park nearly complete, the foot traffic could explode by thousands of hungry and thirsty sports fans on a weekly basis.
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About the Sale

Reason For Selling:
moving
Training/Support:
2 weeks

Listing Info

ID:
1644473
Ad Detail Views:
0

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Business Listed by

Michael Morrissey

Transworld Business Advisors of East Portland
License# 201224414

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Sponsoring Broker:

Daren Bucklin
Transworld Business Advisors of East Portland
License# 201220285


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