Bar with Off Track Betting & Lottery! $95K!

Salem, OR (Marion County)

Bar with Off Track Betting & Lottery!  $95K!

Asking Price:$95,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:$5,000*

Established:N/A

*not included in asking price.

Bar with Off Track Betting & Lottery! $95K!

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Business Description

SALE PENDING!! Fantastic location off of I-5 with great freeway visibility, the only Off Track Betting in Salem, 6 Lottery machines which did a net of $69K in 2015 and have done a current from 12/27/15 thru 10/29/16 of $44K, free standing building, full kitchen that would suit any venue, dance floor, large outside deck for smoking and much more. Lease is at $3800 per month triple net and goes through 8/20. Landlord will give options on property. Hours of operation are 11:00 a.m. until 10:00 7 days per week and closed on Tuesday's. This location is being ran by one person at the current time. This location has extreme potential and would increase sales with a little attention. The sale terms are as follows: $95K with $30K down. The balance will be carried by Seller for 3 years at 7% with a monthly payment of $2086.28. This payment includes payment to Seller and payment on underlying contract. Price is firm and Seller will not look at any other options than a cash out. This location CAN NOT be a strip club at any time. For additional pictures go to WILTSEYBARS.COM. All Buyer's will be asked to verify funds and credit.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Employees:
1
Facilities:
Woody's Cantina is located at 1486 Hawthorne Ave NE in Salem, Oregon
Financing:
Seller will finance with $30K down NO SBA Loans
Support & Training:
Current head bartender will train new Buyer.

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Tina Wiltsey-Trevizo

Business Listed By:
Tina Wiltsey-Trevizo

Wiltsey & Associates, Inc.

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