Full Service Restaurant With Professonal Kitchen

Business Overview:

Long established, full service restaurant with loyal customers, excellent staff serving great food and drinks in an upscale atmosphere.  Full kitchen, bar, taps, walk in cooler, menu, all recipes, recent $150,000+ TI with OR lottery machines for additional passive income all included in the price.  This is an excellent opportunity for a young chef to take over the $215,000 SDE and make their own name in town.  With a 680+ FICO and 20% down, lenders are offering a 10% apr, 10 year SBA loan that would leave ~$138k net after debt service. If you learned in culinary school to always buy the building, it is available for an additional $1,500,000 with a 25 year SBA fixed loan.  EG11264

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Property Features and Assets:

The current lease will expire in 2029, a new lease is available, Rent $10,000, NNN $1,795, Square Feet 4,500

Real Estate is Available for $1,500,000 but not included in the purchase price

Licenses OLCC, OR Lottery, Lane County

Hours Monday thru Saturday from 8 am to 12 am; Sunday from 8 am to 10 pm

 

Reason for Selling:

Retirement

Additional Details:

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