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Accommodation & Food Services

Neighborhood Bar with High Lottery Net!

North Portland, OR, USA
Updated 1 day ago

Just Listed! Popular neighborhood bar that is established and turnkey! This location has 1500 square feet, seating for 40, pool table, small cooking area, open bar which allows one employee to run location, 6 Lottery machines which did a net of $219K in 2023 and a net of $187K in 2022, easy menu, brand new equipment that is all owned with the exception of the jukebox and pool table, is fully staffed and has an off premise owner. There are currently 5 employees. Hours of operation are 9:00 a.m. until 2:30 a.m. seven days per week. Lease is $3301.07 per month including all triple net charges. Lease expires in 2026 with two additional five-year options. This location has it all and is profitable!

Olcc

FOP

Lease

$3301 per month

Sq. Ft

1500

Lottery

YES

Property

NO

Employees

5

Lease Expires

2026 with two additional five-year options

Lottery Net 2022

$187K

Lottery Net 2023

$219K

Hours Of Operation

9:00 a.m. until 2:30 a.m. seven days per week

Reason for Selling

After 20 years Sellers are retiring!

Financials

Asking Price
$445K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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