Video Lottery Deli

Newberg, OR

Seller Financing Available

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Asking Price:$200,000
Inventory:$3,000
FF&E:$50,000
Gross Revenue:$190,000
Rent:$1,920/Month
Established Year:2023
BUSINESS DESCRIPTION

Video Lottery

Business was acquired February 2023 and fully renovated with new equipment and interior. Has basic Liquor license with beer and wine. Full menu and cooking equipment. Has 6 Lotto machines. Rent is $1920 a month on a 3 year lease. This is not a triple net so water is included and the landlord takes care of building improvements. Sale comes with approximately 40k in assets. Expense are low and is currently being run with 2 employees. This information will be basic until further inquiry due to 2 sales that have fallen apart at the last minute. Please make sure you do not have any misdemeanor convictions within the last 5 years before inquiry. Also make sure you have the money to buy this business before asking about it. It includes an owned atm with revenue of $6000 a year in transaction fees. Approximately $150k+ in annual video commissions and $2k monthly average in food sales. We are willing to do an owner carry loan over a term of three years with 8% interest with a down payment. If you would like to sign a general NDA we can supply numbers. Owner is willing to guide the purchaser through this process and assist in training during the takeover. This is a private sale no broker deal.


DETAILED INFORMATION
Location
Newberg, OR
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
22/02/2027
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All equipment and furnishings. New tables, chairs, cooking equipment. everything for a turn key business.
Growth & Expansion
Plenty of growth opportunities with more employees and time invested. Health issues and family have brought us to the point where its time to sell. We took this from nothing and turned it into a nice location with alot of potential. It is a a great low stress business for someone who wants to put in the work.
Financing
3yrs 8%
Support & Training
That can be discussed after purchase.
Reason for Selling
Health Issues
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Nic Cederberg
Nic Cederberg