June 9th

$330K

$100K Down

Salem, Oregon

Sq. Ft: 6000
Lease: $7362 NNN
OLCC: FOP
Property: No
Lottery: Yes

Just Listed!  Established Neighborhood Restaurant and Bar that is known for their outstanding food, cocktails, friendly staff and has been a local landmark since 2004. Location is 6000 square feet with a dining area  which allows minors, banquet room and a separate area for the bar and lottery.  Seating capacity is 168 plus additional outside seating for 68, full kitchen with hood system, all equipment included except dishwasher and ATM, all recipes included and is a turn key operation. There are 6 Lottery machines that did a net of $91K  2021 and a net of $43k through May of 2022.  There are currently 34 employees including cooks.  Seller works 60 hours per week and takes a salary from location. Lease is $7362 per month gross with a 2 percent annual increase.  Lease expires in 2027 with two additional five year options. Hours of operation are Sunday and Monday 7:00 a.m. until 2:00 p.m. and Tuesday through Saturday 7:00 a.m. until 9:00 p.m. This is an amazing opportunity with potential for growth.  Location could add additional revenue by extending business hours in bar area. For additional information go to WILTSEYBARS.COM.  All Buyers will be required to verify funds and credit.  This office does not co-op with other Brokers.

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