Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$369,000	Inventory	$20,000*
Gross Income	$951,460	Real Estate	not included**
Cash Flow	$71,325	Year Established	2004
FF&E	$80,232*	Employees	15 pt, 7 ft

* included in the asking price

** not included in the asking price

This restaurant is a western themed, family oriented steakhouse and bar located on a high traffic street. They have had steady growth in sales up to $951,000 serving only dinner 5 nights per week. Price range for appetizers is $6.50 - $9.95, entrees are priced between $13.50 to $24.95. In addition, they have a loyal clientele and key managers who have been with the company since the beginning. Beautiful large 4,950 sq. ft. facility with high ceilings and plenty of dining, kitchen, and storage space. Lotto video games in the bar area. Highly acclaimed by local periodicals for food quality and ambiance. Year Established: 2004 Years under Current Ownership: 2004 Owner Participation: Owner-operator works approximately 50 hours per week. Reason For Sale: Semi-retirement, Seller plans on going back to Ranching. Employee Details: 7 full-time, 15 part-time, hourly $7.80 10.25 per hour. Salaries range from $25,000 45,000. Capacity: 185 patrons, 80+ parking spaces. Facility Details: Building is 4,950 square feet and seats 185. Seller owns the real estate and will lease back the facility at market rates, terms to be negotiated. Plenty of parking for 80 cars. Hours of Operation: Tuesday Saturday 4:00pm 9:45pm Inventory: $20,000, Inventory will be counted prior to Closing and price adjusted accordingly. Furniture, Fixtures & Equipment: $80,232 Seller s acquisition cost. See Operations, Facilities, and Equipment section for list of equipment. Annual Sales: $951,460 in 2006 Seller s Discretionary Earnings (Profit): $71,325 in 2006 Price & Terms: Base Price = $349,000 Inventory = $20,000 (estimated) Total Price = $369,000

Facilities: Beautifully renovated 4,950 sq. ft. building with large kitchen facilities, open dining area with high ceilings, spacious booths for patrons, big bar with authentic western feel, plenty of storage, refrigeration, and lotto. Seating for 185 patrons. There is space for patio dining that has mountain views. All equipment in good working order. Large parking lot for 80+ autos. Excellent point of sale system customized and in place. There is a security system with 4 cameras with monitors that has 24 hour monitoring. Website in place.

Competition: The old west feel of this restaurant attracts the local and vacation crowd that continues to grow with the growth of Central Oregon. Current marketing includes advertisements in the high profile print, local radio spots, charity give a ways and they are listed in the vacation guides and the Where to Eat Guide .

Growth/Expansion: Located in one of the countries fasted growing markets. Lots of local growth in residential, commerce and community facilities in the immediate area. Considerable growth potential in the business: Extended hours, lunch, entertainment, lotto, catering and private parties, retail product sales, and structured marketing all have potential to immediately impact the top and bottom line.

Financing: Tbd

Support/Training: Seller works approximately 50 hours per week. They are willing to stay on to train and introduce vendors. Seller is willing to sign a non-compete agreement. Excellent staff in place for both management and service. Business can be operated in the sellers absence. 7 full-time, 15 part-time, hourly $7.80 10.25 per hour. Salaries range from $25,000 45,000.

Reason Selling: Semi-retirement, Seller plans on going back to Ranching.