Established Sports Bar with 6 Lottery Machines!
Just Listed! Established Sports Bar which has been a staple in the community for 31 years and popular with all of the locals. After 31 years Sellers are retiring. They are known for their welcoming atmosphere, delicious food and great cocktails. Location has 2780 sq ft, seating for 102, full kitchen with full hood system, Full Olcc license which allows minors on one side of the premise, has recently been updated with new carpet, and new vinyl on booths, all equipment is owned (nothing leased) and included in sale, there are 6 Lottery machines that did a net of $157k in 2021 and a net of $35k thru March of 2022, 19 employees and is a turn key operation. Some of the employees have been there for 20 years! Lease is $8277.08 per month with a 3% annual increase not including triple net charges. Additional fees are approximately $200 to $300 per month. Lease goes thru 4-30-2023 with one additional five year option. Landlord will agree to additional option. Hours of operation are Monday thru Friday 11:00 a.m. until 11:00 p.m. and Saturday and Sunday 8:00 a.m. until 11:00 p.m. Weekends opening early for breakfast. This business has had a long history of success and has potential to make additional income by extending business hours until 2:30 a.m. and opening earlier during the week. All Buyers will be asked to verify funds and credit.
Olcc
FOP
Lease
$8277 NNN
Sq. Ft
2780
Lottery
Yes
Property
No
Employees
19
Down Payment
$100K
Lottery Net 2021
$157k
Hours Of Operation
Monday thru Friday 11:00 a.m. until 11:00 p.m. and Saturday and Sunday 8:00 a.m. until 11:00 p.m.
Lottery Net Thru March 2022
$35k
Reason for Selling
Sellers are retiring
Financials
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