Steak

SELLER NET 176K

$375K

$100K Down

Clackamas County, Oregon

Sq. Ft: 5800
Lease: 5000 NNN
OLCC: FOP
Property: NO
Lottery: YES

Just listed! Popular Restaurant and Lounge known for the best food and atmosphere in the area! The popular Landmark was established in 1978 and has thrived in the community. With 5800 square feet, seating for 153, outside seating for 9, full kitchen, open fire table for ambience, banquet room, minors allowed in Restaurant until closing, separate lounge, 6 Lottery machines which did a net of $153k in 2022, this location has everything! There are currently 14 employees with Seller working at location as well. Lease is currently $5,000 triple net and expires in September of 2027. Landlord will be negotiating new lease with new Buyer. Hours of operation are Monday through Friday Open at 11:00 a.m. and Opening on Saturday and Sunday at 9:00 a.m. Closing is at 10:00 p.m. Sunday through Thursday and 11:00 p.m. on Friday and Saturday. There is potential for additional income by extending business hours. Banquet room is booked for the entire next year which would be included in sale. This location has a high net income and is a turnkey operation. All Buyers will be asked to verify funds, credit history.
No Broker inquiries please.

No representation or warranties are being made as to the completeness or accuracy of any information. All buyers will be asked to verify liquid funds before receiving financial information on business. No SBA financing. Please do not contact seller, patrons or employees. Download Confidentiality Agreement