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Accommodation & Food Services

Bar & Grill with High Lottery!

Multnomah County, OR, USA
Updated 1 day ago

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

Asking Price
$425K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Yes

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