Sports Gaming Lounge with Theme Restaurant
Location: Nevada > Washoe County > Reno
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $735,000
Gross Revenue: $960,000
Cash Flow: $204,000
Inventory: $8,000 (Included in Asking Price)
FF&E: $400,000 (Included in Asking Price)
Seller Financing: SBA financing is available to a qualified buyer. Additionally, with acceptable price and terms, the Seller will finance the balance of the purchase cost.
Business Summary
Extremely popular destination location, considered one of Reno's hot-spots, over the past decade, for sports, gaming, and great food! This highly-profitable establishment is strategically located in a large commercial center with direct boulevard frontage, easy access, and heavy customer traffic throughout the day. Solid historic revenue growth year-over-year, with an exemplary 20%+ net gaming income increase this past year, reflects the high level of customer service and excellent management philosophy this coveted operation provides. The premises occupies nearly 4,000 square feet of prime commercial space that includes a large dining room, front service area, large bar with 15 new IGT Game King 6.0 machines (recently purchased and owned by the business) and, an extensively equipped and well-planned kitchen layout generous dry storage and large walk-in refrigeration unit. The operation also offers off-site catering and party-planning that is facilitated by their personalized mobile delivery van. The business is not a franchise and is independently currently operated by the original founder and owner. SBA financing is available to a qualified buyer. Additionally, with acceptable price and terms, the Seller will finance the balance of the purchase cost. A personal visit to this location is necessary to appreciate the visual appeal and efficient operation this establishment provides. A large loyal patronage, Turn-key operation, owning your own gaming machines, and minimal risk of capital, are attractive and desirable elements of value when considering this investment. The growth of this business over the past decade has been considerable and substantial. The future outlook continues to be very positive with this establishment's continued improvement over their competition. The owner has business commitments out-of-state and is relocating.
About the Business
Year Established: 1995
Employees: 4 full time - 5 part time
Facilities: The premises occupies nearly 4,000 square feet of prime commercial space that includes a large dining room, front service area, large bar with 15 new IGT Game King 6.0 machines (recently purchased and owned by the business) and, an extensively equipped and well-planned kitchen layout generous dry storage and large walk-in refrigeration unit. The operation also offers off-site catering and party-planning that is facilitated by their personalized mobile delivery van.
Market Outlook and Competition: The growth of this business over the past decade has been considerable and substantial. The future outlook continues to be very positive with this establishment's continued improvement over their competition. The business may be operated 24/7 at the discretion of the new owner.
About the Sale
Management Training and Support: Seller will provide 80 hours of orientation and Training included in the Purchase Price.
Reason For Selling: The owner is absentee and has business commitments out-of-state. He will be relocating.
Attached Files - Attachment Disclaimer
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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. Please review the full Disclaimer here.
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