Lottery Deli - Two Locations - 12 Terminals - Seller will carry
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***This is a confidential listing for an ongoing business. Details are intentionally vague to preserve confidentiality. Please contact the broker to sign an NDA.***
BUSINESS DESCRIPTION
Two established neighborhood delis in east Portland operating under two separate Oregon Lottery retailer contracts with twelve video lottery terminals between them. Oregon law caps video lottery at six terminals per premises, so both locations run the statutory maximum. Both have been licensed lottery locations for well over a decade.
Oregon Lottery paused new Video Lottery retailer applications in December 2021 and has only accepted new applicants off a rolling waitlist since July 2023. That makes an established, fully licensed position genuinely difficult to replicate — and this offering includes two of them.
The owner's role is administrative and supervisory, roughly two hours a day, with both locations running on their own staff.
Full Oregon Lottery statements, QuickBooks profit and loss statements and both executed lease files are available to qualified buyers following a signed confidentiality agreement.
BUSINESS DESCRIPTION
Two established neighborhood delis in east Portland operating under two separate Oregon Lottery retailer contracts with twelve video lottery terminals between them. Oregon law caps video lottery at six terminals per premises, so both locations run the statutory maximum. Both have been licensed lottery locations for well over a decade.
Oregon Lottery paused new Video Lottery retailer applications in December 2021 and has only accepted new applicants off a rolling waitlist since July 2023. That makes an established, fully licensed position genuinely difficult to replicate — and this offering includes two of them.
The owner's role is administrative and supervisory, roughly two hours a day, with both locations running on their own staff.
Full Oregon Lottery statements, QuickBooks profit and loss statements and both executed lease files are available to qualified buyers following a signed confidentiality agreement.
About the Business
- Facilities & Assets
- Two clean, fully-equipped neighborhood lottery delis totaling roughly 2,800 square feet, both leased with parking.
Twelve Oregon Lottery video terminals are installed between them — six at each location, the statutory maximum per premises. The terminals are Oregon Lottery equipment; what transfers to a buyer is the retailer position at each location.
The larger location has a full commercial kitchen with a Class A hood, not currently in use. A previous owner ran a more robust food program out of it.
All furniture, fixtures and equipment at both locations are included in the asking price — deli cases, refrigeration, prep and line equipment, and point of sale. Inventory is sold separately at cost at the time of closing. - Market Outlook / Competition
- Oregon caps video lottery at six terminals per premises, and new retailer contracts have been restricted since December 2021, so a competitor cannot simply open a comparable position nearby.
- Opportunities for Growth
- The kitchen is underutilized and the menu offering is limited by the current owner's time and energy rather than by the facility.
The larger location has a full commercial kitchen with a Class A hood that is not currently in use, and a previous owner ran a more robust food program out of it. Cigarettes make up the overwhelming majority of deli sales today, which is exactly why the food program is where the room to grow is.
That growth is a question of attention rather than capital. The space, the equipment, the leases, the staff and the daily traffic are already in place and already paid for. For an owner-operator with new energy and an interest in the food side, building a real menu around that kitchen is about as clear an opportunity as this category offers.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,800
- Rent
- $4,500 per month
About the Sale
- Seller Motivation
- Family
- Transition Support
- The seller is committed to full training and transition assistance.
Their role today is administrative and supervisory, roughly two hours a day, and both locations run with their own staff — so daily operations continue uninterrupted through a change of ownership.
Training will cover Oregon Lottery reporting and reconciliation, vendor and supplier relationships, ordering and inventory, staffing, and the daily cash and settlement routine.
The seller will also assist with the Oregon Lottery retailer application and the transfer of both retailer positions, and with landlord consent and lease assignment at both locations. They completed both processes when the business was acquired. - Financing Options
- Not eligible for SBA financing. Seller will accept as little as 25% down.
Listing Info
- ID
- 2557023
- Listing Views
Listing ID: 2557023 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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