150 High St, Salem, OR 97301
This exceptional business opportunity presents the chance to acquire the well-established Sisters Irish Bistro, a thriving restaurant located at 150 High St SE in Salem, Oregon's vibrant downtown. Boasting 1,290 square feet of space (1,157 net rentable), this Class A restaurant has operated successfully since March 1, 2020, cultivating a loyal local following and an excellent reputation. Included in the $195,000 asking price are all furniture, fixtures, and equipment, along with valuable proprietary recipes. The sale represents a turnkey operation, ideal for an owner-user. The current OLCC license allows for beer and liquor service, and the business benefits from online ordering partnerships with Uber Eats, Grubhub, and DoorDash, generating approximately $30,000 in additional annual revenue. The landlord offers negotiable lease options, providing flexibility for either continuing the current successful model or implementing a new restaurant concept. This is a prime opportunity to own a profitable, iconic Salem restaurant next to the historic Elsinore Theatre. The business is structured as an LLC.
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Sisters Irish Bistro Restaurant
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Valley Development Initia Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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