Address
111 North Higgins Avenue Missoula, MT
Price
$ 650,000
Property Attributes
  • MLS#22107875
  • TypeCommercial
  • CountyMISSOULA
  • CityMissoula
  • Zip59802
  • StyleFood/Beverage
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10000
Listing Provided Courtesy Of:
Eagen Real Estate
Data Source:
Montana Regional MLS (MRMLS)
Property Description

Proven Success, Location and a strong customer base are some of the keys to an ideal restaurant and the venerated Catalyst has all that and more.Success: The Catalyst has been operating successfully for over 30 years.Location: The cafe's coveted location is in the heart of downtown Missoula inside the historic Florence Building at 111 N Higgins Ave. It is within walking distance of the Clark Fork River, a weekly farmer's market, two newly opened hotels with over 275 room (and a third to open in 2022) and a continuous stream of visitors.Customer Base: After 30 years in business, 11 of which are under the current ownership, The Catalyst has built a legion of loyal, dedicated customers. Locals, college students, business professionals, and tourists make up an impressive and diverse following. Improvements and pivots in response to the COVID-19 pandemic include several new revenue streams. They include branded hot sauce that is made and bottled on site. Online ordering with pick up or delivery options. 'Take and bake' meals that are delicious and easy to assemble at home. The Catalyst handles its own delivery service and the sale includes a fully operable online ordering system as well as two delivery vehicles; a Subaru and a custom-made electric tricycle. Restaurant seating is on three levels. The fan favorite balcony can accommodate up to 14 seats. The main level can seat up to 22. The lower level has space for 25 seats. In addition, a sidewalk café license allows for 10 tables with up to 40 seats maybe utilized during warmer months. The maximum capacity of 101 allows for service of over 400 covers on the busiest of summer days. In addition to the outstanding food, The Catalyst is well known for Missoula's best coffee. A custom made, Italian 2-group levered espresso machine with hammered copper exterior by Bosco, a new digitally dosed Simonelli espresso grinder and a state of the art reverse osmosis water filter guarantee the highest possible quality espresso. Sale to include all equipment, tried and true recipes, logo, strong brand recognition, C/4 Hot Sauce brand and business, website and Facebook page. Café operates on Squirrel POS with three terminals and fully updated software. Squirrel hardware was updated in 2020 with new wide screen monitors and mainframe. The facility is incredible. The main level has been remodeled and the kitchens have received regular upgrades. There are two full kitchen and three large dry storage/equipment storage areas. Kitchen includes a large collection of high quality, well maintained equipment, large and small. There is ample refrigeration, including a walk-in refrigerator and a walk-in freezer. Kitchen #1 is used for prep. It has a Class Two hood, a 6-eye range with a single lowboy oven and a convection oven. Kitchen #2 is used for ready to eat food production. It has a Class One hood, double stacked convection ovens, a 10-eye gas range with two lowboy ovens, a flat top grill and much more. There are two dish machines; both owned by The Catalyst. The main dish room has a double rack machine with a booster heater. A single rack machine with a booster heater is in Kitchen #1. If you are seeking success in an established, thriving restaurant business in downtown Missoula, The Catalyst is your place.

Price History
5/28/2021 Listed $650,000

General Features

Business Information: Present Use Restaurant
Business Name The Catalyst
Days on Market 16
Location Downtown Missoula
Ownership Corporation
Parking Off Site, Street
Property SubType Food/Beverage
Property Type F
Status Active
Tax Year 2020
Taxes 0.00
Terms of Sale Cash, Conventional, SBA
Utilities City Sewer, City Water, Electricity, Gas, Internet, Telephone
Waterfront None
Zoning CBD-4

Interior Features

HVAC A/C Central Air, Gas Forced Air, Gas Hot Water
Living Area 10000.00

Exterior Features

Foundation Poured Concrete
Inclusions Business Name, Lease of Furn/FX, Lease of Real Est.
Siding Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 59802

Price
AVG $1.12M
$650K
Visits
AVG 14
7
Walkscore
AVG 61
86
Data Provided by Walkscore ® not using MLS data

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