Bar / Restaurant

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Profitable Restaurant and Bar with Potential for Growth
Asking Price:
$195,000

Gross Revenue:
$702,522
Cash Flow:
$191,968
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$85,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

REDUCED PRICE! For SALE NOW - Bar / Restaurant and building. SBA PREQUALIFIED with property included! Serving mainly prime-rib, chicken, seafood, and specialty Mediterranean dishes, this easily run operation is available due to seller retirement. Seller only works four and a half days per week, and the business closes 10 days in the summer for vacation. In addition to boaters, tourists and destination customers, most of the customers are local, affluent retirees. The owner basically improvises the operation, and there is hardly any employee turnover. Only a small amount of catering is being done at present, and this is an area which a buyer could easily grow and expand operations. Owner is highly motivated to sell and is willing to provide the buyer with hands-on assistance and training for an extended period of time. This opportunity is prefect for a first-time buyer, as anyone who steps into this business will be well supported by the owner, and opportunities for growth are present if the buyer wishes to open shop on Sundays or Mondays.

In addition, the buyer has the option of buying the business, listed at $195,000, or buying the business WITH the building for a price of $481,000. This includes a van and catering equipment worth about $20,000. For the fastest response to your inquiry, call George Karas at 702-290-9120 or use this ad's email reply.

Listing Agent: George Karapanagioeides - Phone: 702-290-9120

About the Business

Year Established:
1997
Number of Employees:
2FT, 8PT
Real Estate:
Owned
Building Sq. Ft.:
1,653
Facilities:
Location is 1,653 square feet with a possible Total Monthly Rent of $2,000. Seller is active in the business with 2FT and 8PT employees. Hours of operation are Tues-Fri 11-3 and 4-9, Sat 4-9 and closed Sun-Mon. Business, Health and Liquor Licenses required. Assets include van and catering supplies ($20,000)

Inventory $5,000;
Leasehold Improvements $85,000;
FF&E $85,000
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About the Sale

Reason For Selling:
Seller retiring
Training/Support:
30 calendar days
Seller Financing:
$145K DP and Seller will carry note for 18 months at 7% interest

Listing Info

ID:
1377900
Ad Detail Views:
267

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Business Listed by

George "Karas" Karapanagioeides

First Choice Business Brokers - BB6847

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Sponsoring Broker:

Jeff & Linda Nyman
First Choice Business Brokers - CA 420835/ NV B34047/ NV Permit B0003

U.S. Census Data for Clark County, NV
Age

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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 Clark County, NV
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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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