$150K CASH
Albany
Linn County
Sq. Ft: 3912
Lease: $5440
OLCC: FOP
Lottery: YES
Property: NO
Just Listed! Trendy Restaurant and Bar that is located in a quaint area that is full of energy! They are known for their beautiful bar, amazing food, specialty wine and cocktails. There is 3912 sq ft, 176 seating capacity, outside seating for 12, full on premise OLCC license, separate Lottery room with 2 machines, full staff and an off-premise owner. There are currently 30 employees including a General Manager which makes $59k per year and a Kitchen Manager which makes $45k per year. After five years Seller is relocating to a brand-new business venture. Hours of operation are 11:00 a.m. until 9:00 p.m. Sunday through Thursday and 9:00 a.m. until 11:00 p.m. on Fridays and Saturdays. Lease is $6,000 per month gross with a 5% annual increase. Landlord will give a new five-year lease with additional five year option. Lease deposit is $6000. All equipment is included with the exception of dishwashers, POS and ice machine. Name of the business is not included, however, may be altered as Seller has multiple locations. This is a wonderful opportunity for a turn-key operation with a slightly altered name or a different venue with a full-time staff in place. There is room for additional revenue by extending business hours and working as on-premise owner. All Buyers will be required to verify funds and sign NDA.
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