★ Established Restaurant Business for Sale

Himalayan Grill House

A turnkey restaurant and full bar in the heart of Historic Old Town Florence — the walkable bayfront dining district on the Oregon Coast. Fully equipped, fully staffed, fully compliant. Convertible to any cuisine — available with or without equipment.

4.7★★★★★★
150 Google Reviews
~$450KFirst-Year Revenue*
~70Seats + Patio
4M+Cars / Yr Pass By
Asking Price $245,000
Business + equipment + brand + lease transfer. Estimated build-out cost $400,000–$600,000 — priced to sell.
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The Opportunity

Himalayan Grill House brings the vibrant flavors of Nepal to Florence, Oregon. It opened in April 2025 and took just under $450,000 in its first year of trading — from a standing start, with no delivery and no advertising — while building a loyal following and a 4.7-star reputation. This is a rare chance to acquire a fully built-out, fully compliant, turnkey restaurant at a fraction of build cost.

$442,492First-Year Net Sales
25,685Guests in Year One
5Staff (incl. owner)
9 yrsLease (4 + 5 option)

Gallery

A look at the restaurant, bar and food — established, turnkey and ready to trade.

Location — The Asset You Can't Build

You can build a kitchen anywhere. You cannot build a storefront on Bay Street in Historic Old Town Florence — the Oregon Coast's most-walked waterfront dining district. This corner of the deal is what keeps the tables full, and it is locked in by a lease with 4 years remaining plus a 5-year renewal option.

A proven dining address — for 30+ years. The restaurant occupies the landmark Old Wharf Building, the most prominent storefront on Bay Street — a restored 1901 false-fronted general store that was the historic center of Old Town commerce. For decades this corner was home to the well-known Bridgewater Fish House & Zebra Bar (700+ Yelp reviews). Locals and tourists already know this address as the place to eat on the bayfront — and the full restaurant-and-bar infrastructure is built in and ready to trade.
4M+Car trips/yr past Old Town
$320MTourism into the local economy
35,000+Rhododendron Festival on Bay St
½ of jobsTown runs on visitors

Why this address is hard to replicate

  • Built-in foot traffic. Old Town is compact and walkable — diners stroll Bay Street and discover you. Less spend needed to fill seats.
  • Destination, not a strip mall. Sits among the boutique shops and landmark eateries (Mo's, waterfront cafés) that draw crowds to the bayfront daily.
  • Tourist-season premium. A coastal visitor economy drives a pronounced peak — May to September alone accounts for 59% of annual revenue, with July the strongest month at ~$61,200.
  • Event surge traffic. Rhododendron Festival, Wine & Chowder Trail, Glass Float Weekend, July 4th, Rods 'n Rhodies car show — Bay Street fills, year after year.
  • Gateway visibility. Minutes from the Oregon Dunes, Sea Lion Caves, Heceta Head Lighthouse and 20+ lakes — the through-route for millions of coast travellers.
  • Secured. Old Town storefronts rarely come free. The lease (4 + 5 yrs) hands the next owner this position from day one.
Himalayan Grill House on Bay Street, Florence OR
📍 1341 Bay St, Florence, OR 97439 🚶 Walkable Old Town 🅿️ Public parking on Bay St 🌊 Siuslaw River waterfront 🏞️ Oregon Dunes gateway 🍽️ Dine-in · Outdoor · Pickup
The bottom line for a buyer: location is the one thing money and effort can't quickly recreate. A new operator inherits a proven address, a steady tourist flow, and a 4.7★ name already attached to it — then simply runs (or rebrands) the room. Demand walks in the door.

Trading Figures — First Year

Every figure below is taken directly from the Toast POS system for 1 April 2025 – 1 April 2026. The underlying report is available for inspection by qualified buyers under NDA.

MetricFigure
Net Sales, First Year$442,492
Orders / Guests7,690 / 25,685
Average Check$50.68
Best Month (July)~$61,200
May–September Share59% of annual revenue
Refunds · Comps · Discounts1 · 2 · 0.15% of sales
OpenedApril 2025
Deal TermsDetail
Asking Price$245,000
Deal StructureBusiness + Lease Transfer
Without EquipmentAvailable — price on application
Lease Remaining4 Years
Renewal Option+ 5 Years
Est. Replacement / Build Cost (industry range)$400,000–$600,000
Sale IncludesEquipment, Fit-out, Brand, Licence
Why it's a smart buy: Industry estimates put the cost of building a comparable restaurant and bar from scratch at $400,000–$600,000 — and that is before the liquor licence and the compliance work. Here the grease interceptor, fire sprinkler system and fire-department code sign-off are already done and paid for, the liquor licence is active, and the address is the most prominent storefront in Old Town. At $245,000 the whole operation is offered well under replacement cost, with a first-year trading record and a 4.7★ reputation already in place.
On profit: we quote revenue, not earnings. A profit-and-loss statement is being prepared by the owner's bookkeeper and will be released to qualified buyers under NDA as soon as it is available. The revenue figures above can be verified from the POS today; we would rather show you a number you can check than one you cannot.

*"~$450K" refers to first-year business income of $446,496 — $442,492 in net sales plus retained service charges. It excludes $62,709 of tips, which are staff earnings and not income of the business. Full documentation (Toast POS sales reports, bank & card-processor statements, lease, and the P&L and tax return when available) is provided to qualified buyers under a signed NDA.

Room to Grow — Upside the Current Owner Hasn't Touched

Here's the part buyers love: the first-year figures were earned without delivery, without any advertising, and without a bar programme. Three whole channels have never been used, and each one is documented rather than asserted.

1. Delivery — never operated. The POS records $113.91 of delivery across three orders in an entire year — 0.03% of sales. The restaurant already runs a full, commission-free online-ordering system on Toast, but it is set up for pickup only. It has never offered delivery, neither its own nor through DoorDash or Uber Eats (the dominant platform on the Oregon Coast). Because the ordering system is already built, switching on delivery is a configuration step — not a from-scratch project.
2. Marketing — never done. No advertising, no social media, no paid promotion of any kind, ever. The 4.7-star rating, the 150 Google reviews and all 25,685 guests came from foot traffic and word of mouth alone. For an operator with any marketing capability at all, this is the cheapest lever on the table.
3. The bar — licensed and stocked, but barely merchandised. The liquor licence is active, the bar seats eight and it trades — but from a short spirits card rather than a proper drinks menu, with no cocktail programme, and no drinks of any kind on the online-ordering menu. Beverage is the highest-margin category in any restaurant, and here the licence and the room are already paid for.

Fast wins for a new owner

  • Turn on delivery. Toast online ordering is already live for pickup — extend it to delivery and add DoorDash / Uber Eats. The obvious first move in a tourist town full of visitors who order in.
  • Put drinks on the online menu and build a proper cocktail list — the licence, the bar and the stock are already there.
  • Start marketing. A 4.7★ restaurant with 150 organic reviews and no social presence at all is an unusual starting point.
  • Catering & group orders. A full commercial kitchen and a table seating 12 suit events, offices and coastal weddings.
  • Extended hours. The kitchen currently closes at 8:00pm, and May–September already drives 59% of annual revenue.
Why this matters to you: these figures are what the room does with one independent operator who runs a second restaurant, closes at 8:00pm, has never advertised and has never delivered a single order. You are not buying a business that has already peaked — you are buying a proven address with three untouched channels attached to it.

What's Included

Turnkey Operation

  • Fully equipped commercial kitchen
  • Complete dining room fit-out & furniture
  • Outdoor seating area
  • Commission-free online ordering set up for pickup (Toast)
  • POS system & back-of-house equipment
  • Lease transfer (4 yrs + 5 yr option)

Brand & Goodwill

  • 4.7★ rating across 150 Google reviews
  • Established name & local reputation
  • Loyal repeat customer base
  • Existing recipes & menu (optional)
  • Trained kitchen & service staff (optional)
  • Online presence & listings

Make It Your Own

The space is a blank canvas with a professional commercial kitchen. Keep the successful Himalayan/Nepali concept, or convert it to the cuisine of your choice:

Nepali / Himalayan Indian Chinese Italian Pan-Asian Your Concept

Staffing & Operations

Team (5, including the owner)

RolePackage
Head Cook$4,000/mo
Kitchen Hand (Sikari)$3,000/mo
Cook (Training)$20/hr

Five people including the owner, all full-time at around 40 hours a week. Cleaners start 9:30am, preparation from 10:00am, doors at 11:30am. Tips are distributed to staff. Packages can include accommodation & meals on work days, plus 2 weeks paid annual leave. Staff retention optional for the buyer, and the owner will provide transition training.

Hours & Trading

  • Open 6 days — closed Wednesdays
  • Lunch 11:30 am – 2:30 pm
  • Dinner 4:00 – 8:00 pm
  • Dine-in & pickup (online ordering via Toast)
  • Seasonal peak May–September (59% of revenue)

The Premises

  • ~70 seats indoors, including an 8-seat bar
  • Outdoor patio seating
  • A private table seating 12 — groups and small functions
  • Full bar, active liquor licence, 21+ bar area
  • Grease interceptor, fire sprinklers and fire-department code compliance — complete, no cost to a buyer
  • Full commercial kitchen · Toast POS

At a Glance

Address & Contact

  • 1341 Bay St, Florence, OR 97439
  • Restaurant: +1 541-991-3135
  • Order online: Toast (pickup)

Service & Pricing

  • Dine-in · Outdoor patio seating
  • Pickup · online ordering (Toast) · no delivery yet
  • $50.68 average check · $17.23 per guest · full bar

Trading

  • 6 days/week · closed Wednesdays
  • Lunch 11:30am–2:30pm · dinner 4–8pm
  • Peak season May–September

What Customers Say

★★★★★

"Combo meals include main dish, soup, salad, rice, and rice pudding dessert."

— Lisa Hoffman

★★★★★

"Enjoyed the Masala Chai, Grilled Lamb, Lamb Biriyani and Rice Pudding."

— Joh Pet

★★★★★

"Great food, amazing service and fantastic location."

— Dinesh Shah

4.7★ across 150 Google reviews — 86% five-star. Food praised in 71 reviews, service in 58. See the full breakdown and a wall of real reviews: What Customers Say →

Reason for Sale

The owner operates two restaurants and is unable to dedicate the time both deserve — which is also why this one closes at 8:00pm, six days a week, and has never taken on delivery. This is a genuine sale, not a distressed one. The owner is motivated to find the right operator to carry it forward.
Current trading conditions — stated up front: 2026 has been slower across coastal Oregon tourism generally. Visitor numbers are down on 2025 and input costs are up. Current-season trading figures are available to qualified buyers on request, and we would rather you heard that from us than found it later.

Request the Full Information Pack

Verified financials and a private viewing are available to qualified buyers under NDA.

WhatsApp: +61 426 967 521

shisir@austradigital.com.au

Enquiries handled by Shisir Lama on behalf of the owner.

Himalayan Grill House · 1341 Bay St, Florence, OR 97439

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