Popular Bar-Restaurant In Portland

Business Overview:

Established Popular Bar-Restaurant that has rooted itself in one of the most iconic neighborhoods in Portland OR. The restaurant has grown to be a popular place for all patrons who come to enjoy the vibe and atmosphere as well as the approachable menu designed to accommodate all dietary restrictions and filled with items made with fresh local ingredients, while still being mindful of labor and cost of goods expenses. Located in an attractive open and bright space that continues to get local & national media attention. The venue is flexible to accommodate a wide range of patron party needs from large parties to intimate dining experiences. It also functions as an established event venue, making use of 'off hours' with daytime bookings.

In operation for just over four years this venue quickly gained popularity in the market and had a banner first year. Frequently featured in local and national food publications such as EATER as well as social media influencers posting to their accounts help drive the marketing and overall exposure for this restaurant. 2020 was a time for all restaurants to figure out how to keep the wheels on the bus moving and they did just that. Currently the owner is actively involved in daily operations providing an oversight role with all managers checking in. The business generates enough profit providing the option for a new owner to take more a passive role.

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Property Features and Assets:

This restaurant is in an excellent location with strong neighborhood support as well as tourism coming from all around. It differentiates itself from other Portland restaurants by utilizing the daytime corporate events as a source of marketing for the restaurant as well as its consistency in service and quality with menu options that can accommodate all dietary needs. High customer satisfaction on social media and multiple 4.5-star reviews on all major sites. This is “the go-to place” patrons rely on when seeking a satisfying, high quality dining/bar experience to share with each other.

Market Competition and Expansion:

With this business starting a few years ago and has continued to grow, generating consistent revenue with the current business plan but also provides several opportunities

X2Sign Envelope ID: 876865
for significant growth. A sizeable kitchen provides an opportunity to expand the business by offering offsite catering events. This location and set up would also do well by expanding hours of operation and extending into a lunch and breakfast menu. It could also do a pastry program with all pastries made in house along with coffee service. This location and atmosphere provide excellent opportunities for growth.

Reason for Selling:

Additional Details:

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