Established restaurant, bakery, pizza business

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Established business with real property
Asking Price:
$500,000

Gross Revenue:
$493,000
Cash Flow:
$79,500
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$30,000
included in asking price

Real Estate:
$240,000
included in asking price

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Business Description

An exceptional future investment as a profitable non-franchise multi-profit centered operating restaurant that provides the rare opportunity to also purchase the real property. Unusual opportunity for a slower life-style change that provides a chance to live and own a profitable business in a more rural community that has access to healthcare facilities, good schools (public K-12, community college), shopping, and to enjoy regionally recognized outdoor activities on the Umpqua River and local vineyards and wineries.
The site location on highway 38 is a highly traveled main connecting highway from Interstate 5 to the Oregon Coast highway 101. The business sits with excellent frontage and access in an upgraded building. An estimated 70.0% of all diners are recurring customers from the local community and travelers who stop for the in-house baked goods and "created from scratch" breakfast, lunches, dinners, pizza from a wood fired oven (mobile wood fired oven available to come to your home or event), and a selection of local wines.
Currently open 5 days a week (Wed.-Sun). Friday nights are special with all linen service and an ever changing menu of specials ranging from Prime Rib (the local favorite and always the first Friday of each month) to stuffed duck, scampi, steak, lamb, etc. Catering available for weddings, special events, company functions and more. Private room available.

About the Business

Year Established:
1981
Number of Employees:
11 inc. owners;
Real Estate:
Owned
Building Sq. Ft.:
3,408
Facilities:
Fully operating kitchen and bakery. Approximate interior seating in two separate areas for 50 with optional patio dining for approximately 25. Multiple upgrades have been made to the interior and exterior of the building.
Website:
tomasellispastrymill.com
Market Outlook/
Competition:
There are no other pizza restaurants or bakeries within the immediate marketing area or upscale dining within the immediate community.
Growth & Expansion:
Currently, the business is closed on Monday and Tuesdays year round; provides opportunity to expand sales and profitability. The ownership operates a catering business that easily could be expanded. Coordinate food and beverage events with local wineries.
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About the Sale

Reason For Selling:
The ownerships desire to retire.
Training/Support:
The ownerships will provide extensive long-term training in cafe operation and bakery production. Optional consulting agreement and training beyond transition period is available.
Seller Financing:
$150,000 down 6.5%, 15 years, monthly installments $3,049

Listing Info

ID:
1624549
Ad Detail Views:
0

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Business Listed by

Patrick Bice

NorthWest Business Sales And Certified Appraisals, LLC
License# 200101059

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U.S. Census Data for Douglas County, OR
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Douglas County, OR
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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