Business For Sale Listing 105848
Restaurant, Bar/Nightclub
Status as of Jan-5-2009 at 06:08 PM: Active
Business Summary
For a fast sale. The sale price has been reduced from $250,000 to only $150,000 which is well below the value of the assets. All written offers will be considered. Presently operated as a Euro-Asian tropical themed Restaurant, Bar, and Nightclub.
Located in a shopping center at the corner of 2 heavily traveled streets with a combined (NV DOT#655/582) traffic count of 92,500 vehicles per day! Excellent exposure & parking. There is a new dance floor, as well as a new Bar. An excellent sound and light system has recently been installed. Presently set up with 25 tables, which seats 120. Very well equipped kitchen. The value of furniture, fixtures, & equipment is $180,000 which is inclusive of tenant improvements. Shows well.
Seller advises that based on past income records, the projected sales for the next 12 months is $300,000, with a profit of $120,000. Site qualifies for 5 gaming machines which would increase income. It is a possibility that a new owner can change the menu if it does not conflict with other food service businesses within the center. The business opened in Aug of 2004, and has shown consistent growth. Jointly owned by a wife who is the operator, and her husband who is a real estate licensee. Both of whom are actively involved in other business interests.
The owner/operator is selling so that she can focus more time and resources to her other businesses. It is reasonable to believe that an experienced full-time hands-on owner/operator could readily increase the present and projected income.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (300,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (120,000) |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $100 Thousand and $500 Thousand (150,000) |
