Substantially more information is available following a completed NDA.
Business Offering Summary
Offering Price: $2,000,000 (business and franchise system)
Year Established: 2009 (15 years, same ownership)
FT/PT Employees: Some seasonal adjustments, ranging from 70 - 100 at peak, typically 50/50 FT vs PT
Property: Leased
Facility Summary
Facility Address: 971 SE 6th Street, Grants Pass, OR 97527- Josephine County
Gross Building SF: ± 10,000 SF
Vintage: Completed Spring 2009
Possession: Exclusive occupancy via lease agreement
What is being offered?
The business assets of Taprock NW Grill in Grants Pass, Oregon, including all FF&E and brand assets, as well as a completely turn-key franchise system.
Is the real estate included?
The real estate is currently excluded from the offering. The flagship facility is currently leased from a separate landlord. There may be an opportunity for a future operator to purchase the flagship location following a proven track record, but that cannot be guaranteed.
Where can I see financials and more information?
Following a completed NDA, a prospective purchaser may view historical financials and much more detail about the offering. You may register your interest at www.GrantsPassBusiness.com
Are there expansion opportunities?
Yes, a 100% turn-key franchise system is included in the offering, allowing a new operator to immediately begin expanding the brand throughout the PNW.
What is the reason for selling?
The owner is moving into retirement after decades of successfully growing and operating a number of different brands.
Will there be future owner support during and after the transition of ownership?
The owner may generally be available for support to the new operator for the first 1-2 years following the sale.
SWOT Analysis
Strengths:
Extremely strong regional brand recognition and reputation with loyal customer base
Class A+ flagship location with 10 years remaining on lease
Low local competition in the "Pacific Northwest/American" style dine-in niche
Great online presence with high-quality website
18.2k+ combined social media followers
2,500+ Google reviews at 4.1 stars average
Extremely strong SEO and great Google ranking
96 boutique hotel rooms directly across the street
Weaknesses:
Flagship location is in a tertiary market
Hands-on management is likely needed to grow revenues
Future expansion will be highly focused on location and facility
Opportunities:
New operator could significantly increase SDE via optimizing purchasing, refining menu, reducing comps, etc.
Expansion is immediately available via included franchise system
Expand advertising budget and explore partnerships with local/regional businesses
Expand existing social media presence
Threats:
Potential competitors include large national corporations
Economic headwinds targeting consumer spending heading into 2024
Continued supply-chain and staffing challenges post-covid
This listing presentation is intended for only the party receiving it from Merit Commercial Real Estate (hereinafter referred to as "MCRE"), and should not be made available to any other reviewing entity without the prior written consent of MCRE. All information included in this offering memorandum has been obtained from sources deemed reliable, however, Owner, MCRE, and/or their representatives make no representations or warranties, expressed or implied, as to the accuracy of the information, and makes no warranty or representation into the exact state of the property, the presence of contaminating substances, PCB's or asbestos, the property or owner's compliance with State and Federal regulations, or the physical condition of any improvements on the property. The recipient of this document must independently verify the information and assumes any and all risk for inaccuracies contained herein. The information contained in this offering memorandum is not a substitute for a thorough due diligence investigation.