NW Lottery Sports Bar & Grill w/parking lot
Portland, OR
| Asking Price: | $900,000 |
| Gross Revenue: | $2,000,000 |
| Established Year: | 1990 |
| Cash Flow: | $380,000 |
| Rent: | $12,000 |
Listing ID: 2207441Listing provided by BizBuySell
BUSINESS DESCRIPTION
A main thoroughfare on Portland westside. Highly visible. Well known with prominent signage. The business is located amongst great walk-traffic central to entertainment/stadium patrons. The surrounding population is upper-middle and above income levels.
Serves breakfast, lunch, dinner, bar, video lottery and other games and music seven days a week. The menu is simple good food. Beverages consist of approx. 80% of revenues. The atmosphere is casual and inviting to the neighborhood businesses and residents
DETAILED INFORMATION
Location
Portland, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Facilities
Well maintained facility and equipment. New HVAC system. Featuring a working-man’s dining room and bar and a well-equipped kitchen. The setting is warm and inviting with the ability to seat 130+. Includes a dining room, full kitchen, horseshoe bar, DJ area, separate game room, with televisions throughout. The total square footage is approximately 5,000 plus a full basement with walk-in, grease trap et al. The base lease rate is $12,000/mo (plus CAM costs – approx. $600). The property contains a customer parking lot.
Competition
Prime spot. Minimal marketing has been done for years.
Growth & Expansion
Many opportunities to grow. Promote, connect more with patrons.. many
Financing
Seller may consider with highly qualified Buyer.
Support & Training
Seller will consider
Reason for Selling
Retirement
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