Historic Bar in the Heart of Beautiful Sandy Oregon (Sale Pending)

Sandy, OR

Seller Financing Available

listing image
Asking Price:$150,000
Inventory:$7,000
Established Year:2001
Gross Revenue:$324,000
Rent:$3,250/Month
BUSINESS DESCRIPTION

(SALE PENDING) Oldest Established bar in Sandy, Or. Popular with many of the locals as well as travelers through Pioneer Blvd, which is the Gateway to Mt. Hood. We have currently 5 active lottery machines with a net of 70K in 2023. The building is roughly 1600 Square Feet with 5 employees. Full kitchen with hood, with a large walk in cooler. Full OLCC liquor. Hours of operation are 12-11 Sun through Thursday and 11-12 Fri and Saturday. Lease is $3,250 including triple net charges. Lease offered will be 5 years with a 5 year option. This has been a proven business over many continuous year of operation. There are two pool tables in the establishment. The business currently grosses $254,101.77 Food and Alcohol misc, with a 70K lottery net. We are well known for our unique and awesome American Food, and home made Clam Chowder. All equipment is included in the sales price. Owner wishes to retire and relocate out of State.

No Brokerage Contacts please.
Qualified buyers will need to show proof of funds and credit score for financing consideration. And will need a clean background history to obtain Lottery and Liquor Licenses for a successful transfer. Interested parties shall not make contact with working employee's. This is a working turn key business. Terms are cash. With the option of $70K down and $80K carry at 7% interest. Current inventory is estimated between $6-8K separate of the business sale.


DETAILED INFORMATION
Location
Sandy, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,600
Lease Expiration
05/01/2025
Employees
5
Facilities
All kitchen equipment furnishings are included in the sale. Some personal art pieces will not go with the sale and will be identified. Building has two redundant 3 ton AC units, a nice enclosed wood deck outdoor Patio with an awesome air brushed mural.
Competition
Business is in a prime traffic location on Pioneer Blvd which is the main traffic route going up to Mt Hood. There is also a back parking area to the bar with rear entrance. The main competition is the Sandy Food Carts prior to the bar location, and the Sand Bar North of Joe's Donuts past this business.
Growth & Expansion
The Building has been optimized in its space.
Financing
All cash offer, or the option of $70K down and $80K carry at 7% interest.
Support & Training
Owners will initially train as needed, and be available to buyer for 60 days after closure of the sale.
Reason for Selling
Owner wishes to relocate out of State and retire.

BUSINESS LOCATION
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Don Williams
Don Williams