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Accommodation & Food Services

Bar with Lottery in SE Portland

Portland, OR, USA
Updated 1 day ago

JUST LISTED! Newly remodeled Bar in SE Portland that is known for their great food and drinks! This location has 2619 sq ft, full OLCC license, patio with outside seating for 12, 5 Lottery machines which did a net of $21k thru May in 2021, full kitchen with hood system, pool tables, seating for 80 plus inside and has great potential for growth! All machines are placed for social distancing and there is room for a 6th machine. There are currently 7 employees including the Seller which will be retiring. Lease is $3500 per month plus an additional $616 CAM charge per month. Lease expires in 2022 with a 3 year option. Landlord will negotiate longer lease with qualified Buyer. Lease deposit is $3500. Hours of operation are 10:00 a.m. until 10:00 p.m. Sunday thru Thursday and 10:00 a.m. until 11:00 p.m. on Friday and Saturday. There is room additional income by staying open until 2:30 a.m. 7 days per week! This location would be perfect for an on premise owner. All Buyers will be required to verify funds and credit.

Olcc

FOP

Lease

$3500 NNN

Sq. Ft

2619

Lottery

Yes

Property

No

Employees

7

Down Payment

$60K

Lease Option

3 year

Lease Deposit

$3500

Lease Cam Charge

$616 per month

Lease Expiration

2022

Lottery Net (thru May 2021)

$21k

Hours Of Operation (fri-sat)

10:00 a.m. until 11:00 p.m.

Hours Of Operation (sun-thu)

10:00 a.m. until 10:00 p.m.

Reason for Selling

Seller which will be retiring.

Financials

Asking Price
$125K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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