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Accommodation & Food Services

Popular Bar & Grill with Lottery!

Portland, OR, USA
Updated 1 day ago

Just listed! Popular local Bar and Grill that is popular in the Portland area and is known for their delicious American food and cocktails. There are four Lottery machines which have done a net of $70k thru November of 2022 (location is approved for a 5th machine when available from Lottery), 4000 square ft, full kitchen, full Olcc license, pool tables, seating for 100, outside patio area with 30 seats, excellent staff and cooks, off premise owner and is a turnkey operation! There are five employees, three bartenders and two cooks. One of the bartenders can do management duties. Hours of operation are Sunday through Wednesday 3:00 p.m. until midnight and Thursday through Saturday 3:00 p.m. until 2:00 a.m. Seller is an off premise and takes a salary of $45k per year. Lease is $4200 gross and expires on December 3rd of 2024. New five-year option will be $5,000 gross with an additional five year option after that. Lease deposit is $5,000. This is location is established and has room for growth by opening additional hours. Seller will discount for cash! All Buyers will be asked to verify funds and credit. No Broker inquiries please.

Olcc

LOP

Lease

$4200 gross

Sq. Ft

4000

Lottery

Yes

Property

No

Employees

5

Down Payment

75K

Owner Salary

$45k per year

Lease Deposit

$5,000

Lease Expiration

December 3rd of 2024

New Lease Option (5-year)

$5,000 gross

Lottery Net (thru Nov 2022)

$70k

Reason for Selling

off premise owner

Financials

Asking Price
$195K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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