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Business assets and lease takeover - $45,000 (Gresham)
condition:
excellent
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-equipment includes 2 Hobart 20 quart commercial mixers, 3 electric ovens, commercial dish line, four 8ft stainless commercial counters, 2 4ft commercial stainless counters, commercial fridge and freezer, drink cooler, 3 stainless storage racks, in ground grease trap, office space, bathroom, this unit does have a Type 2 hood vent installed (would work for cafe, boba, sushi, sandwich shop, deli, bakery, etc). Location has great traffic as it's off Burnside and connected to a walkable neighborhood. Retail gift shop, coffee shop, barber, and dance studio all share the complex and provide an added customer base. Plenty of parking and a nice shared outdoor covered walkway with potential for outdoor seating.
>1 year remaining on lease (landlords are great and would happily renew with committed tenants), rent is $1499.72/mo, and NNN+utilities total ~$734/mo. The space was custom-built to fit a commercial bakery in 2019, changed ownership in 2022, and has continued to operate a take-out counter service and wholesale snack and bake shop.
Approximate cost of build-out and upgrades is $150k and contains ~$55k in FF&E. Asking $45,000 including all equipment and furniture. The shopping center has ample parking, is in a well-established neighborhood, and has an attractive mix of business tenants. Motivated seller looking to continue a smaller solo operation as a private caterer/baker sooner than the lease ends, all reasonable offers entertained. Business is still in part-time operation and currently listed as a commissary kitchen with interested parties, but NO formal commitments. The kitchen is located within 1 mile of downtown Gresham.
This is an asset sale and lease takeover, NOT a sale of a turnkey business, BYO concept, and take over the space for cheap. Lease assignment is subject to landlord approval.