Restaurant site & lease brief
1341 Bay Street
The Old Wharf Building · Historic Old Town Florence, Oregon 97439
The opportunity in one paragraph
A fully built, fully compliant restaurant premises with a full bar and an active liquor licence, in the most prominent storefront of a walkable coastal tourist district, available with or without the equipment package. It trades today as Himalayan Grill House, but this brief is about the site: a turnkey room for an incoming franchise or concept, with the expensive and slow parts of a restaurant build-out already done, signed off and paid for.
Why an operator should care about this particular room
The three things that most often blow out a restaurant build, grease interception, fire suppression and fire-department code sign-off, are already in place here. So is the liquor licence, which is active. A new concept can be fitted to the space without waiting on the approvals or absorbing the capital that normally sits between signing a lease and opening a door.
Location
Bay Street is Old Town Florence's waterfront dining strip, a compact, walkable, tourist-driven district on the central Oregon Coast. The building is a restored 1901 general store, the most prominent storefront on the street, and carried the well-known Bridgewater Fish House & Zebra Bar for decades before the current tenancy. It is a proven restaurant address with a 30+ year dining pedigree, not an untested one.
| Vehicles past Old Town / yr | 4 million+ |
| Local tourism economy | ~$320 million |
| Share of local jobs | Over half, tourism-supported |
| Rhododendron Festival | 35,000+ visitors |
| Peak season | May–September |
The premises
| Seating and layout | |
|---|---|
| Indoor seating | Approximately 70 seats, including the bar |
| Bar | Approximately 8 seats; separate 21+ bar area |
| Outdoor | Patio seating, two table groups. Trades as its own revenue centre in the POS. |
| Large-party capability | A single table seats 12, group bookings and small functions |
| Areas | Indoor dining room · bar area · outdoor patio |
| Square footage | Available on request |
| Fit-out, services and compliance | |
|---|---|
| ✓ Grease interceptor | Installed and in service |
| ✓ Fire sprinkler system | Installed |
| ✓ Fire-department requirements | Completed and signed off, no outstanding works and no cost to an incoming operator |
| ✓ Commercial kitchen | Full commercial kitchen, currently operating |
| ✓ Liquor licence | Active. Full bar; 21+ bar area with the required notices posted. Licence class, annual cost and transfer process available on request. |
| ✓ POS & online ordering | Toast POS with commission-free online ordering configured (currently pickup only) |
Lease
| Term remaining | 4 years |
| Option | Further 5 years |
| Rent | Available on request |
| Assignment / landlord approval | Lease documentation available to qualified parties |
| Outgoings, bond, guarantees | Details available on request |
What is included, two options
Option A, complete business
The operating restaurant: equipment, fit-out, brand, recipes, the trading name, the 4.7★ Google profile and 150 reviews, the online-ordering setup, and lease transfer. Trained staff available to retain, and the owner will provide transition training.
$245,000, which is $255,000 below the seller's approximately $500,000 estimate for the completed restaurant and bar fit-out. The estimate should be independently verified.
Option B, site only, without equipment
For an operator bringing their own concept, franchise or fit-out. The premises, the lease, the compliant services and infrastructure, and the liquor licence, without the equipment package, the brand or the restaurant business.
Price on application, an equipment schedule is being prepared and the site-only figure is set against it.
Current trading, for context only
A buyer taking Option B is not acquiring these earnings and would run their own numbers. They are included because they demonstrate what the room does with a single independent operator, no delivery and no advertising:
| Opened | April 2025 |
| First-year net sales | $442,492 (Toast POS, 1 Apr 2025 – 1 Apr 2026) |
| Orders / guests | 7,690 / 25,685 |
| Average check | $50.68 |
| Reputation | 4.7★ across 150 Google reviews, earned with no advertising of any kind |
| Delivery | Never operated, $113.91 across three orders in twelve months |
| Current hours | Six days, closed Wednesdays · 11:30–2:30 and 4:00–8:00 |
| Season | May–September accounts for 59% of annual revenue |
2026 has been slower across coastal Oregon tourism generally, visitor numbers down on 2025, input costs up. Current-season figures available on request. Full POS reports and financial records are available to qualified parties under NDA.
Enquiries and inspections
Shisir Lama · WhatsApp +61 426 967 521 · shisir@austradigital.com.au
Lease documentation, licence details, the equipment schedule and trading records are released to qualified parties on request.