Asking Price
$585,000
Gross Revenue
$1,452,926
Cash Flow
$214,769
Overview
Business
Description
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 $150k+ 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 $215k 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.
Sale
Reason for Selling
Retirement
Training/Support
4 weeks, 20 hours per week
Premises
Facilities
Licenses: OLCC, OR Lottery, Lane County
NNN $1,795
Hours Monday thru Saturday from 8 am to 12 am, Sunday from 8 am to 10 pm
Real Estate available for $1,500,000 not included in the purchase price.
Location
Eugene, OR
Contact The Seller
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