Iconic Downtown Restaurant

Reno, NV (Washoe County)

Seller Financing Available
Iconic Downtown Restaurant
Contact Seller

Asking Price: $500,000

Cash Flow: N/A

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $103,535

Inventory: $15,000

Rent: $6,886 /Month

Established: 2004

Iconic Downtown Restaurant

Save Print Share Valuation Report

Business Description

Great opportunity to own a turnkey, proven restaurant with management in place. Restaurant has had a Gross Sales Average of $2,000,000 for the past five years. This well-established restaurant has a very desirable corner location with high visibility and traffic, for both vehicles and pedestrians. A wraparound patio that seats 90+ guests offers the best people watching in town, and the interior design is open, spacious, and can accommodate large groups easily. Located in the ground floor of the city’s busiest parking garage, this operation is popular with locals and tourists alike. Very favorable lease rate with Options. This restaurant is located within a Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers.

Locally, 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, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate. Please note that this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information have been submitted.

Detailed Information

Location:
Reno, NV
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,599
Lease Expiration:
12/31/2020
Employees:
34
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,599 sf
Competition:
Located in a hot Downtown location, this Restaurant has a long history of serving quality food and beer. They have a strong reputation with the locals for having fair prices and great customer service, and there is a steady stream of satisfied out-of-towners who visit the Restaurant as well.
Growth & Expansion:
An expanded social media presence would help to bring in new customers. A concerted effort to cut costs could be very impactful – using proprietary software packages that help streamline costs (such as food, liquor and labor). Licensing allows for live music.
Financing:
Seller Financing negotiable.
Support & Training:
Negotiable – Owner is committed to Buyer’s success.
Reason for Selling:
Family Reasons
Business Website:
http://silverpeakbrewery.com/
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Bradley Bottoset

Business Listed By:
The Liberty Group of Nevada

The Liberty Group of Nevada

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1630048 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Anchor Bar

Franchise Opportunity
Capital Required: $500,000