Popular Bar & Restaurant For Sale

Business description

This restaurant & bar has a great location that attracts both the local and tourist business. Located in the heart of one of Central Oregon’s busiest commercial areas, this location has seen years of success with no slowdown in sight. This is a turnkey operation with trained and experienced staff in place. The seller has built a strong business that is holding up well in the recent economy. The Seller works the business on a semi-absentee basis, primarily working the money and books about 10hours a week. Good food accompanied by an excellent bar selection, 71% of sales comes from the profitable bar sales. Lucrative lotto gaming with 5 machines in place. If you are looking to get into the Central Oregon bar or restaurant business, this is a great opportunity.

Property information

Lease terms:

Currently an attractive lease in place that runs through 2011 and includes 2 5-year options.

Location:

Central Oregon

Other information

Expansion potential:

The seller has not had much need to market the business due to the business volume. But there are slow days so a new owner could focus on brining in a crowd the off days via a new marketing campaign.

Competition / Market:

This restaurant and bar offers lunch, and dinner at reasonable prices as well as offering a full bar selection. This location caters to both the local community and vacationers alike. There is also a growing loyal clientele of lotto players which is a very lucrative part of the business. The seller has relied on word of mouth and signage to grow the business.

Support & training:

Seller is willing to stay on and train a new owner and introduce all business relationships, terms to be negotiated. There is responsible and experienced staff that can run the business on their own but the seller acts as the final work for management decisions. There are 4 full-time and as many as 15 part-time employees that are paid between $8.00 to $12 an hour.

Reasons for selling:

Other Ventures

Trading hours:

11:00 AM to Closing 7 days per week.

Financing available:

Seller willing to negotiate payment terms for qualified buyers.

Furniture / Fixtures value:

$125,000

Inventory / Stock value:

$25,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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