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Popular Country/Rock music venue for sale
This popular saloon and grill is located off of interstate 5 in Medford Oregon on a very busy intersection. This 9000 sf upstairs bar/music venue has had great success booking national touring singers and bands including Thomas Rhett, Deana Carter, James Otto, Keith Anderson, Rehab, Pat Travers and more. National comedians have included Costaki Economopoulos, Auggie Smith, and Henry Phillips to name a few. The venue is also known for line dance lessons. There have been many feature stories on the line dance classes in the local newspapers. The classes have also been featured in news stories on NBC, CBS, and FOX. The food menu was created by an executive chef that has had featured articles in Portland and Eugene Oregon. There is a lot of opportunity to grow this business. It has a great reputation and foundation that was started 2 years ago. To date, approximately $80,000 has been spent on advertising (obviously this budget could be severely cut back). In the last year alone, the business has been utilized thru events, to help raise over $25,000 for local charities. The growth opportunities could include additional hours. Currently closed Sun and Mon. Open 4-close Tues-Sat. Oregon Lottery video poker could also be added. Sports, is another angle that has yet to be pursued at this venue.
Key points to consider:
You must be approved by the Oregon Liquor Control Commission. This requires paperwork, fees (minimal considering) and could take several weeks.
Current capacity 300 (potential to be much more) Seating for approx. 200+
Turn key, with events, competitions, and concerts currently scheduled several months out.
Furniture, p.a. system, music equipment, refrigeration, glassware, dishwasher, ice machine, kitchen wares and much more included in sale price.
All inventory included
Profitable the first year in business
Score of 100 on last health inspection
Excellent record with the OLCC (Oregon Liquor Control commission)
2 full bars.
Nice size stocked and functioning kitchen.
Lots of extras
Current lease about $0.61 per square foot current lease ends June 2015 with multiple options to renew.
Beautiful historical building
Other information in regards to the location:
Southern Oregon is known for its warm summers and mild winters. The Rouge and Applegate valley have often been referenced as an up and coming Napa Valley with many new winery and breweries being created here.
TURN KEY & SELLER FINANCING. Well known Business. Unique Opportunity. Conversion from Company owned & operated to local franchise ownership. Perfect family business (primary or secondary income) or add-on business to existing local restaurant operator. Established Customer Base. Remodeled in February 2014. No Initial Franchise Fee. Complete in-store training. Asking price well below replacement cost. Shop is profitable. Part of an established Pacific Northwest chain of ice cream & frozen yogurt shops. Distance from Portland headquarters is reason for sale to local ownership. Attractive lease at Rogue Valley Mall with shop in percentage rent each month. The All American Franchise does not "mark up" products sold to shops plus low franchise fees paid on Net Sales - not gross sales. Food arrives ready to serve. Facilities & equipment were updated in Feb 2014. There is an ability to expand certain menu items. Seller Financing Available to qualified party. Complete and comprehensive financial information available to qualified parties.
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