Absentee owner-Well Establish Full-Service Restaurant

Asking Price$495,000

Cash Flow
$192,586
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,603,760

Inventory$41,000
Included in asking price
FF&E$450,000
Included in asking price
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Absentee owner-Well Establish Full-Service Restaurant


Asking Price$495,000

Cash Flow
$192,586
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,603,760

Inventory$41,000
Included in asking price
FF&E$450,000
Included in asking price
Business Description
This established restaurant and bar in Washoe County has a full time General Manager and Kitchen Manager in training. Seller monitors operations but not involved in day to day.
Winner of many awards. In business for over 14 years. Bar has gaming and room for additional gaming. New owner could increase revenues with own gaming license. The cash flow reflects a reduction in workforce as there are currently duplications with some positions.
Seller maintains high standards, cleanliness, and community involvement. Prime location near high-traffic highway, hotels, and shopping. Strategically located in the heart of the community. Fully equipped kitchen with top-of-the-line equipment. Proven revenue streams with consistent customer base. Potential for immediate revenue growth by expanding catering, and menu offerings. Current owners are willing to teach and help expand the business. Turnkey opportunity for aspiring restauranteurs and established restaurateurs.
In summary, this is a well-established restaurant with a strong reputation, proven track record, and multiple growth opportunities for a new owner.
About the Business
Years in Operation
14
Employees
42
Facilities & Assets
The leased facilities are well kept and have everything in place to host families and large groups.
Market Outlook / Competition
While there are several other food and beverage locations in the vicinity, this one has a unique flare with a wide variety of offerings.
Opportunities for Growth
Further expansion of catering opportunities and involvement with community and special events. Additionally, there is an opportunity to grow the quick serve market.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,000
Rent
Not Disclosed
Lease Expiration
3/1/2030
About the Sale
Seller Motivation
Owner’s reason for selling is retirement.
Transition Support
The seller is willing to train new owner and consult.
Financing Options
All cash or terms acceptable to Seller. Seller is committed to Buyer’s success.
Listing Info
ID
2236745
Listing Views
2203

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Business Listed by: Stewart Guthrie The Liberty Group of Nevada

Listing ID: 2236745 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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