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Accommodation & Food Services

Small Bar with High Lottery Net!

Portland, OR, USA
Updated 1 day ago

Just listed! A local popularbar has established clientele that is known as the place to be in Portland. There are 6 Lottery machines which did a net of $185k in 2021 and a net of $64k January through May of 2022. Location has 1500 square feet, small cooking area, pool table, seating for 40 and can be ran by one employee per shift. There are 3 employees including Seller. Seller works in location 30 hours per week. Hours are of operation are 2:00 p.m. until 2:30 a.m. 7 days per week. There is room for additional Lottery play and sales by opening up during the day. Lease is $2152.70 per month plus and additional $838.77 for cam charge. Lease expires October 31, 2024. Landlord will give additional five-year option. This would be fantastic for an on premise owner or an investment opportunity as this is a turn key operation! All Buyer’s will be required to verify funds and credit.

Olcc

FOP

Lease

$2992 NNN

Sq. Ft

1500

Lottery

Yes

Property

No

Employees

3 including Seller

Lease Option

additional five-year option

Seller Works

30 hours per week

Lease Expires

October 31, 2024

Lottery Net 2021

$185k

Hours Of Operation

2:00 p.m. until 2:30 a.m. 7 days per week

Lottery Net January Through May 2022

$64k

Financials

Asking Price
$250K
RevenueMost Recent Year
Undisclosed
Earnings (SDE)Last Reported
$100K
Assets Value
Undisclosed
Seller Financing
Not available

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