Leo's Lair

Cornelius, OR (Washington County)

Leo's Lair
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Asking Price: $630,000

Cash Flow: N/A

Gross Revenue: $370,582

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $550,000

Established: 2009

Leo's Lair

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Business Description

The current owners bought this business and property in 2009 for $725,000 current asking price is $630,000. At the time, they lived in Hood River and commuted a couple times a week. They now live in Idaho and depend on a manager
Property appraised in 2009 for $550,000.
They have a manager who also worked for the prior owner. A hands on owner could do much better in controlling costs.
CASH FLOW: $75,000 + $45,000: Manager salary with Lotto net of $104,000

It has a good cash flow even for the current absentee owner

EMPLOYEES DO KNOW THIS IS FOR SALE. IF YOU GO IN, PLEASE BE DISCREET

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
1,986
Employees:
5
Facilities:
Full Kitchen-Outside seating (Patio). Full service lounge. Video poker. Large parking lot
Competition:
Has been a restaurant lounge for many years at the same high traffic location. Has a good local following as well as travelers on the busy Base Line Road.
Growth & Expansion:
Great upside for a hands on owner
Support & Training:
Yes
Reason for Selling:
Living in Idaho
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(from currently available funds)
 
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DAve Dingman

Business Listed By:
DAve Dingman

David E Clyde Real Estate

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Sponsoring Broker:
David Clyde

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