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Asian restaurant with lounge

Northern Nevada Reno, Nevada (Washoe County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $510,000 Inventory $7,000* 
Gross Income $1,228,000 Real Estate  
Cash Flow $165,000 Year Established 2005
FF&E $150,000* Employees 21

* included in the asking price

** not included in the asking price

Upscale Asian restaurant seats 140 inside, plus patio seating. Serving lunch and dinner 6 days a week. Also offers a full lounge. Lounge does not currently have gaming, however gaming is available.

Facilities: Restaurant is located in shopping center with major grocery store. 3,800 s.f. Leased; 6yr term with 1/5 yr option to renew. Includes $150,000 in equipment. The facility is in excellent condition. Plenty of parking.

Competition: Restaurant is located in a upscale neighborhood with competition, however is the only one of it's kind in the shopping center.

Growth/Expansion: Seller feels they could grow by doing more in catering to large parties.

Financing: bank financing avail

Support/Training: Seller will familiarize buyer for a period of time included in the price.

Reason Selling: Seller plans to open a restaurant with brother non-competing.

AD # 345306

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