Sq. Ft: 4127
Lease: $6452 Gross
Just listed! Popular Lounge located in the heart of downtown Salem that is known for their great food and specialty cocktails. There is 4127 square feet, seating for 150, full kitchen with hood system, 6 Lottery machines which did a net of $43k thru May of 2022 and room for entertainment. There are currently 4 bartenders and 2 cooks. Hours of operation are 2:00 p.m. until Midnight Wednesday through Sunday and Closed on Monday and Tuesday. Lease is $6452 per month gross with a 3.15 annual increase. Lease expires in 2033. This is a fantastic opportunity with 6 Lottery machines and a long term lease. There is room for additional income by extending business hours. All Buyers will be asked to verify funds and credit.