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Accommodation & Food Services

Iconic Restaurant & Bar with Lottery & Property!

Clackamas County, OR, USA
Updated 1 day ago

Just listed! Iconic Restaurant & Bar with established clientele that is a destination location and popular with all the locals and surrounding areas. The food is phenomenal, service is outstanding, this free-standing building with beautiful entrance has been rebuilt with a new modern/rustic decor, warm welcoming atmosphere, lots of parking and has a high net profit! There is 5820 square feet, full kitchen, separate lottery room with 4 machines which did a net of $39k in 2022, large outside seating area with firepit, 32 employee’s, office premise owner and everything else you could possibly want. Location has a net cash flow of approximately $275,675. Hours of operation are Sunday’s 11:30 a.m. until 8:00 p.m. Closed Mondays and Tuesdays, Wednesdays, and Thursdays 2:00 p.m. until 9:00 p.m. and Fridays and Saturdays 11:30 a.m. until 9:00 p.m. There is a huge untapped market for catering and events. There is also great opportunity to increase sales and profit by opening 7 days a week and extending lunch and closing hours. Property is included with this sale that has been appraised for $1,540,000. Property on 2.79 acres with 121,532 sq ft. Property is zoned Commercial Improved and Commercial Miscellaneous. Seller will carry contract with $350K down for 15 years at 6% with a 7-year balloon payment. There is room for adding additional revenue by extending business hours and opening seven days per week. This is a turnkey operation and a fantastic investment! All Buyer’s will be asked to verify funds and credit history. No Broker Inquires Please. No representation or warranties are being made as to the completeness or accuracy of any information. All buyers will be asked to verify liquid funds before receiving financial information on business. No SBA financing. Please do not contact seller, patrons or employees.

Olcc

FOP

Sq. Ft

5820

Lottery

YES

Employees

32

Down Payment

$350K

Property Size

2.79 acres with 121,532 sq ft

Property Zoning

Commercial Improved and Commercial Miscellaneous

Lottery Net 2022

$39k

Hours Of Operation

Sunday’s 11:30 a.m. until 8:00 p.m. Closed Mondays and Tuesdays, Wednesdays, and Thursdays 2:00 p.m. until 9:00 p.m. and Fridays and Saturdays 11:30 a.m. until 9:00 p.m.

Reason for Selling

After 20 years Sellers are retiring!

Financials

Asking Price
$2.0M
RevenueMost Recent Year
Undisclosed
Earnings (SDE)Last Reported
$276K
Assets ValueIncluded in Asking Price
$1.5M
Seller Financing
Yes

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