Old Town Cafe- Established Business in Joseph, OR
The Old Town Cafe is an established operation that has thrived under four separate ownerships. It has over 20 years of name recognition. It is highly rated across many online review sites (4.5/5 or higher) and has a strong online presence with follower engagement. It has seen a successful rebrand with new logo and merchandise.
Old Town Cafe is well known in community for consistent hours and quality food/dining experience and has engaged customers from all over the state/country.
It is in a prime location on Main Street in downtown Joseph (one of best blocks in Joseph), and Joseph/Wallowa County are booming with a lot of growth potential in the community. Owners of the restaurant also own the real estate and that includes a separate building that is currently used as office/storage space but can and can been used as a residence for the owner or separate tenant.
Property Improvements -Th...
Property Improvements -The building has seen a lot of renovations within the last 10 years to upgrade the property:
New courtyard with chairs, tables, fence, pavers, and planters all redone, or replaced. Brand new ADA compliant restroom. Entire building put onto new poured concrete foundation with new floor joists, sub floor, flooring. Expanded kitchen capacity. Brand new plumbing throughout the entire restaurant. New paint on front exterior with rebranded sign. New sewer line out to behind restaurant building.
New water supply lines and shut off valve.Much of the wiring has been upgraded with remodeling. Added/new insulation throughout much of the building. Upgraded security of building with new metal doors and locks at every entrance.
Equipment Upgrades - A lot of equipment has been added, upgraded, or replaced since 1/1/14:
Two new stand up freezers. New reach in refrigeration unit in kitchen. New front of house under-counter refrigerator. Ice machine for front of house drinks. New 3 basin sink, and added a mechanical dishwasher. All new restroom fixtures including changing table. New espresso machine. New microwaves. Added a steam table for holding hot items. Added more kitchen items/equipment for food prep/storage. New shelving and storage space added. Upgraded/replaced compressor and fan on walk in cooler motor. New water heater in March of 2019. Replaced all dining room chairs.
New front of house serving station and counter. Upgraded 20 qt mixer.
Opportunities:
There is plenty of opportunity to expand into formalized catering. The current owners have not wanted to explore this opportunity, but it offers opportunity to bolster winter revenues. Current hours of operation are 7am-2pm and it could expand hours and diversifying into dinners. Old Town Cafe does not currently offer any alcoholic beverages but that could be a boost to revenue with the higher priced items. We currently only offer merchandising sales in store and have done phone sales and shipped items on special occasions. Expanded bakery items could be offered with new/additional equipment added. Additional energy efficiencies can be upgraded to further lower facilities costs. Residential unit on property can be rented out to tenants on a long or short term basis or could be converted into a vacation rental for additional income.
Asking price: $399,000 (including real estate, business, inventory and equipment)
Listed by Anette Christoffersen, Principal Broker, Ruby Peak Realty, Inc
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