Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$515,500	Inventory	$20,000*
Gross Income	$1,112,836	Real Estate
Cash Flow	$132,191	Year Established	1990
FF&E	$105,000*	Employees	8 ft 7 pt

* included in the asking price

** not included in the asking price

How often do you come across Award Winning Restaurants for sale that have been in business for almost 20 years? This is a profitable, leading restaurant of its kind that has cultivated a very loyal client base. The Liberty Group of Nevada, LLC is very selective about the clients that we represent. We typically accept only a small percentage of all businesses that we consult with. Our criteria is simple. Our clients need to be experiencing positive cash flow and be priced in a range that fits into the parameters of local market conditions or must have another compelling reason to be in our portfolio. From a Regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of its diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Small Business Survival Index 2007 ranked Nevada second best in the nation for small business and entrepreneurship. Thirdly, The Center for Women's Business Research ranked Nevada third in the nation for growth in Women-owned firms. From a Business perspective, Forbes Magazine ranks Reno 25th out of 150 cities for doing business. The Forbes/Milken Institute ranks Reno 26th out of 200 cities in their study "Best Performing Cities: Where America's Jobs Are Being Created".

Facilities: Ideally situated in an affluent neighborhood, this restaurant occupies approx 4,500 square feet which includes a fully functioning kitchen, seating for over 100 patrons, a dining room, and a private bar available for special engagements. There is plenty of on-site parking and a very fair lease that expires in 2010 with 3 five year options.

Competition: Restaurants come and go. This one hasn't. In business since the early 1990's, this restaurant has built a very loyal following due to their consistancy of food, longevity of staff, fair prices, and location. Patrons come for a reasonably priced, exceptional meal and don't leave disappointed.

Growth/Expansion: "If it ain't broke..." is an appropriate comment for this restaurant. However, the current owners have identified some revenue enhancers that they have not pursued, which could include weekend brunches, wine tastings and events, other special events, live music, catering, and gaming, to name a few.

Financing: $250,000 down and $3,500 month for 140 months with a balloon payment @ 60 months

Support/Training: Negotiable

Reason Selling: Retirement