Profitable Established Bar with 6 Lottery Machines!
Just listed! Popular local bar which is lucrative and well known in the community. This location has 4703 square feet, full kitchen with hood system which is 12 ft x 4 ft, pool tables, six lottery machines which did a net of $142k in 2023 and a net of $113k through October of 2024, serves a simple American menu, outside seating that serves alcohol, one side of location allows minors until 9:00 p.m., location can be ran with one employee per shift, has an established clientele. There are currently five employees with one working there for seven years. The seller is an off-premises owner. The lease is currently $10,176.40 per month including all triple net charges. Lease expires on 8-31-2025 with three additional five-year options. Lease currently is for two suites. Landlord will allow new buyer to decrease the space to 2543 square feet and move the lottery machines into the smaller suite which would decrease the rent substantially. Landlord will negotiate new lease and lease deposit with new buyer if they so desire. Hours of operation are 2:30 p.m. until 2:30 a.m. 7 days per week. There is great potential for additional sales by extending business hours and adding additional food options. The possibilities are endless with this popular location that is deeply embedded in the community. With a strong foundation of loyal clientele, a new owner can explore various avenues to enhance its appeal and profitability while keeping regulars engaged and bringing in new clientele. This is a turnkey location a ready to go! All buyers will be asked to verify funds, credit and sign an NDA. No Broker inquiries please.
Olcc
FOP
Lease
$10,176.40 NNN
Sq. Ft
4703
Lottery
YES
Property
No
Employees
five
Down Payment
$100K Down
Lease Expires
8-31-2025
Lease Options
three additional five-year options
Lottery Net 2023
$142k
Hours Of Operation
2:30 p.m. until 2:30 a.m. 7 days per week
Lottery Net Through October Of 2024
$113k
Reason for Selling
After 20 years Sellers are retiring!
Financials
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