Virginia City Tex/Mex Restaurant + Home

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Profitable main street business with growth potential!
Asking Price:
$845,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Rare opportunity to own a piece of the Gold Rush era. Two story stone and brick building dating from 1873 was originally built as a grocery store with an 11 unit rooming house upstairs. It was renovated, engineered, and upgraded in 2004 into a charming 55 seat restaurant and bar with room to expand. The property includes a separate two story, 3 bedroom, 2 bath home adjacent to the restaurant. perfect owner/manager quarters, or income possibilities as an air B&B. Well maintained and prime location. Main building is 2186 sf (per owner) downstairs which includes the lobby, kitchen, dining room, and dish room/storage. Upstairs is an additional 1250 sf with 440 sf of that improved. The home is approx 1200 sf and is accessed off of South B Street. All together this property is an excellent opportunity to live and work on the Comstock. Another use would be an air B&B with approx 6 rooms and a restaurant. The Commercial Residential zoning would allow multiple uses for the main building. A retail outlet, bar, restaurant or a combination. This is a well maintained and extremely versatile property located in a prime tourist and local visitor location. . The Virginia City fairgrounds are just blocks away for enjoying the camel and ostrich races, the Virginia City Grand Prix, and an expanding list of events including rodeos and concerts. This main street location allows the owner to take front row advantage of the classic car and motorcycle events, parades, fireworks, and 100 mile views. Come live, work, and play in the Old West. Enjoy the quaint and bustle of Virginia City, the wild horses still roaming the local plains (and streets!) and the history of the mining town that was once known as "the richest place on earth". Take a stroll down the streets as a regular reminder of simpler days. Located a short drive from Reno, Nevada (population 500k and the Reno-Tahoe International Airport), Carson City-Nevada's capital, and the world famous Lake Tahoe with year round recreational opportunities and resorts. Virginia City also enjoys proximity to the next economic boom fueled by businesses like Tesla, Apple, Google, and Rackspace to name a few. This offering includes the main building, the home, and the furniture, equipment, and fixtures.

About the Business

Year Established:
2004
Number of Employees:
3+
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
3,826
Facilities:
Purchase includes land, buildings, and equipment. Beautifully remodeled historic building located on the main street in Virginia City. Buildings were fully renovated and engineered in 2004. Excellent location and visibility.
Website:
www.facebook.com/Cafe-del-Rio-Virginia-City-353365341380179/
Market Outlook/
Competition:
There is very little competition in Virginia City for good food. Thousands of tourists and locals alike frequent this great restaurant. Prime location for the parades, car shows, biker rallys, camel races and daily tourist traffic.
Growth & Expansion:
The upstairs of the main building has room to expand. Private dining, wine tasting, or create rooms for a B&B. The main home also has the potential to add rent able rooms for a B & B concept. Zoning allows for retail, restaurant and residence.
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About the Sale

Reason For Selling:
Owners wish to retire.
Training/Support:
Seller has indicated he would stay on for a reasonable time to help the new owners get established (if desired and by mutual agreement)

Listing Info

ID:
1493248
Ad Detail Views:
19

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Business Listed by

David L. Shriver

Coldwell Banker Select - 24016

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

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