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Accommodation & Food Services

Trendy Bar & Restaurant with Lottery!

Albany, OR, USA
Updated 1 day ago

Just Listed! Trendy Restaurant and Bar that is located in a quaint area that is full of energy! They are known for their beautiful bar, amazing food, specialty wine and cocktails. There is 3912 sq ft, 176 seating capacity, outside seating for 12, full on premise OLCC license, separate Lottery room with 2 machines, full staff and an off-premise owner. There are currently 30 employees including a General Manager which makes $59k per year and a Kitchen Manager which makes $45k per year. After five years Seller is relocating to a brand-new business venture. Hours of operation are 11:00 a.m. until 9:00 p.m. Sunday through Thursday and 9:00 a.m. until 11:00 p.m. on Fridays and Saturdays. Lease is $6,000 per month gross with a 5% annual increase. Landlord will give a new five-year lease with additional five year option. Lease deposit is $6000. All equipment is included with the exception of dishwashers, POS and ice machine. Name of the business is not included, however, may be altered as Seller has multiple locations. This is a wonderful opportunity for a turn-key operation with a slightly altered name or a different venue with a full-time staff in place. There is room for additional revenue by extending business hours and working as on-premise owner. All Buyers will be required to verify funds and sign NDA. No Broker inquiries please.

Olcc

FOP

Lease

$5440

Sq. Ft

3912

Lottery

YES

Property

NO

Employees

30

Lease Deposit

$6000

Outside Seating

12

Lottery Machines

2

Seating Capacity

176

General Manager Salary

$59k per year

Kitchen Manager Salary

$45k per year

Reason for Selling

After five years Seller is relocating to a brand-new business venture.

Financials

Asking Price
$150K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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