4-year Profitable Neighborhood Restaurant

Reno, NV (Washoe County)

Seller Financing Available
4-year Profitable Neighborhood Restaurant

Asking Price:$400,000

Cash Flow:N/A

Gross Revenue:$965,086

EBITDA:N/A

FF&E:$144,138

Inventory:$10,000

Real Estate:$650,000*

Established:2012

*not included in asking price.

4-year Profitable Neighborhood Restaurant

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Business Description

This restaurant/bar has become a favorite of local diners. The chef has been with the business since its inception, and the reputation of the quality menu has been cemented on such social media sites as Yelp and Open Table. A charmingly decorated interior gives the restaurant a warm, comfortable atmosphere. Outdoor patio seating adds vibrancy to this historic neighborhood during the summer months. The current owner has developed and maintained strong relationships with both employees and customers, and the result has been low employee turnover and a loyal customer base. The Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, a robust nightlife, high-performance schools-including a Tier 1 University with 20,000 students-and is just a half an hour from beautiful Lake Tahoe. No matter the size or industry of your business-interests, Northern Nevada is an excellent place to be. Companies both big-including Tesla and Switch-and small are choosing to call the Reno-Tahoe area home due to tax and business-friendly policies, a skilled workforce, and a high quality of life. Whether you love outdoor activities, exciting nightlife, or the serenity of Lake Tahoe, the Northern Nevada area has something to enjoy for the whole family.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This charming 1,900 sq. ft. restaurant with bar and enclosed patio area can seat up to 80 customers. A neighborhood favorite located in historic downtown, this business is consistently ranked among the best restaurants in the Reno/Tahoe area. The property is easy to reach on foot and is steps away from retail. Ample street parking is also available.
Competition:
Launched 4 years ago, this restaurant has captured the marketplace. It stands out from its competition by offering a quality, chef-driven, menu. As Northern Nevada continues to experience unprecedented growth, more people are dining out, increasing the target market for restaurant/bar dining.
Growth & Expansion:
The business maintains its neighborhood feel in a trendy area. It has enjoyed a fantastic word-of-mouth reputation as well as sterling customer reviews on social media—a big draw for tourists and locals alike. It has its own website that a new owner could capitalize on as well as a strong customer base that could benefit by a loyalty program or other specials.
Financing:
Seller prepared to carry with qualified buyer.
Support & Training:
Two weeks.
Reason for Selling:
Seller wants to focus on other business interests.

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Bradley Bottoset

Business Listed By:
Bradley Bottoset

The Liberty Group of Nevada

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