Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$195,000	Inventory
Gross Income	$310,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2005
FF&E	N/A	Employees	<10

* included in the asking price

** not included in the asking price

Centrally located in a busy NE retail district with high foot and auto traffic. Corner location. Classic neighborhood bar setting with good drinks and food, this business is currently an evening-only establishment with a unique menu, inviting bar, a mezzanine pool room, comfortable seating, good sound system, sidewalk seating and windows that slide open to the outdoors in season. The space seats 80 comfortably, and could nicely accommodate a wide variety of concepts, probably the best of which is a casual American bar. There is no Oregon lottery on site at this time, but certainly it would be possible to add it. The business has been in operation for less than three years and has shown steady revenues. Presently the facility has a Full-On-Premises OLCC license. Hours of operation are 5PM-close 7 days a week. The business owner oversees the operation but has it staffed so that the hired management can operate the business. There are less than 10 part-time employees. Annual sales for the last 12 months of operation were approximately $310,000. Beverages comprise about 75% of revenues.

Facilities: Featuring a real bar room atmosphere with contemporary design and d cor, finished concrete floors throughout, different revenue areas, excellent lighting, an attractive dining room, and a well-equipped kitchen, the facility was professionally designed and built in mid 2005. In season, there is a sidewalk that allows for festive outdoor dining. The business occupies a 2,637 sq ft. including the mezzanine. The lease rate is currently $3,956/mo. and the term extends through 4/2010with an option for an additional 5 years.

Competition: Great street with a thriving restaurant community. This could successfully be a variety of concepts.

Growth/Expansion: You could change the concept here and not lose much momentum because of the location, facility and exposure to dining consumers.

Reason Selling: Changing professions