Bar & Grill with High Lottery!
Just listed! Established Bar & Grill with lottery that is easy to run and is a turn-key operation! There is 1512 square feet, full kitchen with hood, full Olcc license (no minors allowed), 6 poker machines which did a net of $240k in 2023 and net of $253k in 2022, free standing building and has an off-premises owner. There are six employees in which one of them is the kitchen manager. The cook works six hours per day and then the kitchen closes at 3:00 p.m. serving smaller items. Hours of operation are 9:00 a.m. until 2:30 a.m. seven days per week. Lease is $4934.75 per month plus triple net charges and expires 10-31-2025 with one additional five-year option. Seller will carry contract with $175k down for 5 years at 6% with a monthly payment of $4833.20. All Buyers will be asked to sign an NDA, verify funds and credit.
Olcc
FOP
Lease
$4934.75 per month plus triple net charges and expires 10-31-2025 with one additional five-year option
Sq. Ft
1512
Lottery
YES
Property
NO
Employees
6
Hours Of Operation
9:00 a.m. until 2:30 a.m. seven days per week
Poker Machine Net 2022
$253k
Poker Machine Net 2023
$240k
Seller Financing Terms
5 years at 6% with a monthly payment of $4833.20
Seller Financing Down Payment
$175k
Reason for Selling
After 20 years Sellers are retiring!
Financials
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