Specialty Restaurant

Las Vegas, NV (Clark County)

Seller Financing Available
Specialty Restaurant

Asking Price:$190,000

Cash Flow:$80,676

Gross Revenue:$375,000

EBITDA:N/A

FF&E:$150,000

Inventory:$10,000

Established:2001

Specialty Restaurant

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Business Description

This popular restaurant serves a partial Mediterranean menu of which the seller states should be converted to a full Mediterranean menu which would substantially increase the income. The current owner has owned the business less than one year however the partnership is dissolving which is forcing the sale. The seller states that if the restaurant was made into a full Mediterranean restaurant, the income could be increased to a gross of $500,000 and the net income to $150,000 which the seller will explain in detail to qualified buyers. Currently the restaurant is only open 5 1/2 days a week, the seller recommends a new owner be open 7 days a week. The restaurant is located in an upscale area of South West Las Vegas with visible signage at a major intersection. More good news, the seller just received their beer and wine license providing even more of an opportunity to qualified buyers. Call today for more details.

Detailed Information

Inventory:
Included in asking price
Employees:
6FT, 2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 1,740 square feet and a Total Rent of $3,580. Lease ends 2/2020 with One 5 year Option. Seller is active in the business with 6 FT and 2 PT employees. Hours of operation are Sunday – Thursday 11am to 9pm and Friday 11am to 2:30pm. Included in asking price are $10,000 in Inventory and $150,000 FF&E. Health and Beer & Wine Licenses required.
Financing:
$180K Down, OWC Balance for 24 months @ 8%
Support & Training:
15 days
Reason for Selling:
Partnership

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Jeff & Linda Nyman

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Jeff & Linda Nyman

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