Popular Steakhouse and Lounge with Lottery!
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
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