Popular Bar & Grill with Lottery
This popular bar and grill, located in the heart of town, is known for its lively atmosphere, delicious food, and exciting entertainment options. The bar features a full-service kitchen serving up a menu of classic American fare, from juicy burgers to a tasty ribeye. Customers can enjoy their meals while watching sports on the big screen TVs or hanging out on the large outdoor patio. The bar also offers a variety of craft beers, cocktails, high end whisky and wines to quench any thirst. In addition to its food and drink offerings, this bar and grill is also a hub for entertainment. Live bands, DJs, and karaoke nights keep patrons coming back for more. The bar even has a stage for performances and a dance floor for those looking to let loose. Building is freestanding with large outdoor area and ample parking. This establishment has 7818 square feet, full kitchen with hood system, 9 employee’s, six Lottery machines where customers can try their luck at winning big while enjoying their night out and known for the place to be. Lottery proceeds were $94k net in 2023 and $87k through October of 2024. Location has a full Olcc license which allows minors in specific areas until 7:00 p.m. Hours of operation are 11:00 a.m. until 2:00 a.m. six days per week and closed on Sundays. Lease is $6900 per month with $977 in triple net charges which is a total of $7877 per month. Lease expires in 2-28-29 and has two additional five-year options and first right of refusal on the property! With its prime location, loyal customer base, and reputation as the place to be in town, this bar and grill is a fantastic investment opportunity for anyone looking to own a thriving business in the hospitality industry. Don’t miss out on the chance to own this popular establishment and make it your own! Seller will discount for a cash sale for 355,000! All buyers will be asked to verify funds, credit and sign an NDA. No Broker inquiries please.
Olcc
FOP
Lease
$6900 NNN
Sq. Ft
7818
Lottery
YES
Property
First Right of Refusal
Employees
9
Down Payment
$100K
Lease Expires
2-28-29
Lease Options
two additional five-year options
Lottery Proceeds 2023
$94k net
Cash Sale Discount Price
355,000
Lottery Proceeds 2024 (through October)
$87k
Financials
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