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.
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|
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