Leo's Lair

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Leo's Lair
Asking Price:
$630,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$550,000
included in asking price

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Business Description

The current owners bought this business and property in 2009 for $725,000 current asking price is $630,000. At the time, they lived in Hood River and commuted a couple times a week. They now live in Idaho and depend on a manager
Property appraised in 2009 for $550,000.
They have a manager who also worked for the prior owner. A hands on owner could do much better in controlling costs.
CASH FLOW: $75,000 + $45,000: Manager salary with Lotto net of $104,000

It has a good cash flow even for the current absentee owner

EMPLOYEES DO KNOW THIS IS FOR SALE. IF YOU GO IN, PLEASE BE DISCREET

About the Business

Location:
Cornelius, Oregon
Year Established:
2009
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
1,986
Facilities:
Kitchen. Full service lounge with Pool tables. Video poker. Large parking lot
Market Outlook/
Competition:
Has been a restaurant lounge for many years at the same high traffic location. Has a good local following as well as travelers on the busy Base Line Road.
Growth & Expansion:
Great upside for a hands on owner
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About the Sale

Reason For Selling:
Living in Idaho
Training/Support:
Yes

Listing Info

ID:
1524112
Ad Detail Views:
354

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Business Listed by

DAve Dingman

David E Clyde Real Estate

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Sponsoring Broker:

David Clyde
David E Clyde Real Estate
License# 780203949

U.S. Census Data for Washington County, OR
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Washington County, OR
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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