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Full Service Latin Kitchen & Cantina w/ Service Bar

Las Vegas, NV (Clark County)

Full Service Latin Kitchen & Cantina w/ Service Bar
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Asking Price: $750,000

Cash Flow: N/A

Gross Revenue: $1,851,106

EBITDA: N/A

FF&E: $750,000

Inventory: $25,000

Established: 2017

Full Service Latin Kitchen & Cantina w/ Service Bar

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Business Description

Locally owned and operated Latin & Mexican Cuisine Restaurant within a few blocks of “Las Vegas Strip.” 4000 sq. ft. with 2000 sq. ft. outside patio. Space features towering ceilings, 35-foot-tall floor-to-ceiling windows and a relaxing outdoor patio with gorgeous Strip views. Drawing an enthusiastic mix of tourists and locals alike, the restaurant is an easy stop for anyone coming from the Las Vegas Convention Center or nearby “Las Vegas Strip” resorts. A bustling open kitchen adds action and excitement to the dining room. Currently licensed for beer, wine and liquor. Gaming is available for new operator who qualifies. Seller says, assets of restaurant valued at more than asking price. Net revenue discussed with qualified buyers only. Health issue forces sale. For additional information contact listing agent Ron Smith 702-371-7771.

Detailed Information

Location:
Las Vegas, NV
Inventory:
Included in asking price
Employees:
43
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 4,000 square feet with a 2,000 square feet outside patio and a Total Rent of $24,000. Lease ends 06/2027 with two 5 year lease options. Seller is active in the business with 8 FT employees and 35 PT employees. Hours of operation are 11 AM to 10 PM Sun-Fri and 11 AM to 11 PM Sat. $25,000 in Inventory and $750,000 in FF&E included in Asking Price. $600,000 made in Leasehold Improvements. Beer, Wine, Liquor License Required. Gaming License available for minimum of 5 machines on approval.
Financing:
TBD
Support & Training:
30 Days
Reason for Selling:
Health Issue
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(from currently available funds)
 
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Ron Smith

Business Listed By:
Ron Smith

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Sponsoring Broker:
Jeff & Linda Nyman

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