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Accommodation & Food Services

Popular Steakhouse and Lounge with Lottery!

Clackamas County, OR, USA
Updated 1 day ago
Established 1978

Just listed! Popular Restaurant and Lounge known for the best food and atmosphere in the area! The popular Landmark was established in 1978 and has thrived in the community. With 5800 square feet, seating for 153, outside seating for 9, full kitchen, open fire table for ambience, banquet room, minors allowed in Restaurant until closing, separate lounge, 6 Lottery machines which did a net of $153k in 2022, this location has everything! There are currently 14 employees with Seller working at location as well. Lease is currently $5,000 triple net and expires in September of 2027. Landlord will be negotiating new lease with new Buyer. Hours of operation are Monday through Friday Open at 11:00 a.m. and Opening on Saturday and Sunday at 9:00 a.m. Closing is at 10:00 p.m. Sunday through Thursday and 11:00 p.m. on Friday and Saturday. There is potential for additional income by extending business hours. Banquet room is booked for the entire next year which would be included in sale. This location has a high net income and is a turnkey operation. All Buyers will be asked to verify funds, credit history.

Olcc

FOP

Lease

5000 NNN

Sq. Ft

5800

Lottery

YES

Property

NO

Employees

14

Lottery Net 2022

$153k

Reason for Selling

After 20 years Sellers are retiring!

Financials

Asking Price
$375K
RevenueMost Recent Year
Undisclosed
Earnings (SDE)Last Reported
$176K
Assets Value
Undisclosed
Seller Financing
Not available

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