Type of Business: Restaurant and Bar
Location: Salem area
Asking Price: 199,000
Gross Sales: 600,000
Cash Flow: 140,000
Square feet of Building: 5,100
Training: YES
Owner Contract: no
Property included: NO
Inventory: INCLUDED
Year Established: 2022
Listing Summary
One-of-a-kind Bar and Restaurant in historic building for sale for only $199,000 near Salem. Full-service kitchen with 12-foot hood installed 2 years ago. 5,100 sq. ft. space with seating for 115. Sales were over $600,000. Lottery has been in place since last year. Net income for an owner/operator is estimated at $140,000. Long term lease in place with options to renew. Rent $5,300, no NNN. $270,000 has gone into the buildout, resulting in a beautiful space and atmosphere with unique and creative décor. Confidentiality Agreement is needed for more information.
