Real estate listing for sale in Missoula, Montana
by Mindy & Steve Palmer. Not your ordinary Missoula real estate agents.

111 North Higgins Avenue, Missoula, MT 59802 (MLS# 22107875)

none

$650,000
111 North Higgins Avenue
Missoula, MT 59802
MLS# 22107875
10000 sqft


111 North Higgins Avenue, Missoula, MT 59802
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111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802 111 North Higgins Avenue, Missoula, MT 59802

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

Details
Maps
Documents
Contract Data
Current Price: $650,000
List Price/SqFt: 65
Property Sub-Type: Food/Beverage
Listing Date: 2021-05-28
List Price: $650,000
Agent Owned: No
REO/Bank Owned: No
Sold Data
Status: Active
Potential Short Sale: No
General Property Description
Location: Downtown Missoula
Business Name: The Catalyst
Square Feet Estimate: Unknown
Total Sq. Ft.: 10000
Waterfront: None
Legal and Taxes
Covenant: Unknown
Zoning: CBD-4
Tax Year: 2020
Legal: N/A Business Only For Sale No Real Property Conveyed
Location
House Number: 111
Street Direction Pfx: North
Street Name: Higgins
Street Suffix: Avenue
State: MT
Zip Code: 59802
County: Missoula
Country: United States
Directions: Downtown Missoula
Geo Lat: 46.870676
Geo Lon: -113.995512
Business Information
Present Use: Restaurant
Property Features
Terms Of Sale: Cash; Conventional; SBA
Type Ownership: Corporation
Inclusions: Business Name; Lease of Furn/FX; Lease of Real Est.
Years In Business: 20 Years +
Owner Will: Provide Training
Utilities: City Sewer; City Water; Electricity; Gas; Internet; Telephone
HVAC: A/C Central Air; Gas Forced Air; Gas Hot Water
Parking: Off Site; Street
Expenses Pd/By Own.: Electric; Gas; Insurance; Trash/Garb. Pick Up
Foundation: Poured Concrete
Siding: Brick
Land Status: Lease Exp. Date
Supplements
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.

Listing Office: Eagen Real Estate

Listing Agent: Jessie Eagen

Last Updated: June - 10 - 2021

111 North Higgins Avenue, Missoula, MT 59802 - MLS# 22107875

IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.