928 – NE Neighborhood Pub – $149,900
This is a well-established neighborhood pub with very deep roots. It has a great residential back-drop and enjoys many regular clientele. It has 4 VLTs. The facility is clean and has lots of parking. They have their own Karaoke equipment and this is a very popular event at the pub! Great opportunity for an owner/operator to become a neighborhood publican!
Sales: Gross sales: $566,000 last year
Size in sq. ft. 2,859 sq. ft.
No. of Seats: 100
Number of parking stalls: Lots of parking
Financing: Treat as clear title
Style of cuisine: Casual dining
Customer Demographics: Wide range of ages; locals; lots of regulars
Type of service: Table
Hours of operation:
Weekdays 2 pm – midnight; Weekends Noon – 2 am
Number of employees: 4 to 8 with 2 full-time and the balance part-time
Leasing information:
Rate per sq. ft. $24 per sq. ft.;
C.A.M. $12.75
Lease Term: 4 years left of a 5-year term
Option periods: One 5-year option
Deposit held by Lessor: $18,648
