Popular Bar in an extremely busy strip mall in Salem. Location has 2350 square feet, 133 seating capacity, kitchen with hood system, 5 Lottery machines which did a net of $54K in 2016 and a YTD net in 2017 thru July of $50K, 3 pool tables, small area for outside seating, would suit any venue and is a turn key operation! Lease is $2725 per month plus cam charges. Total monthly rent is approximately $3250. Lease goes up 1.5% per month and goes through 12-31-2020. There is an additional 5 year option for $2893 and goes up 1.5% annually. There is a $3391 lease deposit. Name will go with sale if Buyer so desires but Logo IS NOT included. Buyer will have to change sign face with logo on it. (approximately cost $1000). Hours of operation are 11:00 a.m. to 2:00 a.m. 7 days per week. There are currently 6 employee and an off premise owner. Seller will carry a contract for $130K with $60K down. No terms on the cash price of $115K.
|PRICE: $115K CASH|
|Sq. Ft: 2350||Lease: $2725 NNN||OLCC: FOP|
|Property: No||Lottery: Yes||SALEM|
SHACK N CUE
Business Acquisitions & Commercial Real Estate
All buyers will be asked to verify liquid funds before receiving financial information on business. No SBA financing. Please do not contact Seller, patrons or employees.