PRICE REDUCED: Silver Peak Restaurant and Brewery with Real Property

Reno, NV (Washoe County)

Seller Financing Available
PRICE REDUCED: Silver Peak Restaurant and Brewery with Real Property
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Asking Price: $2,250,000

Cash Flow: N/A

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: $310,805

Inventory: $30,000

Real Estate: $1,750,000

Established: 1999

PRICE REDUCED: Silver Peak Restaurant and Brewery with Real Property

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Business Description

Silver Peak Restaurant and Brewery (one of the longest standing breweries in Northern Nevada) is a great opportunity to own a proven restaurant and microbrewery- including the real estate - in the booming Midtown District. Operation is turnkey with management in place. Restaurant has had a Gross Sales Average of $1,500,000 for the past five years. Strong clientele have kept this operation busy, and the competitive pricing and quality food and beer offerings have made this a locals’ favorite for over 20 years. Situated on 4 parcels, the original building dates back to the early 1900s, and was brought up to code in 1999 when the brewery was added and the entire building remodeled. The facility has an excellent layout for accommodating parties from 20 – 200, and there is ample storage and prep space to prepare for banquets and caterings. The 2nd floor deck has amazing views, seats upwards of 100 people and is outfitted with a full bar and waiters’ service station. 10 barrel direct fired brew house with the capacity to brew 6,000 kegs per year (110 barrels of fermentation capacity). Business includes $30,000 of inventory (exclusive of beer and beer products). There are 49 parking spaces on site, with much additional street parking adjacent and close by. This restaurant -- as well as the real estate -- is located within a federally designated Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers, and provide additional opportunities for those looking to reinvest.

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:
Owned
Included in asking price
Building SF:
6,818
Employees:
26
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,818 sf Building (5,108 sf above grade)
Competition:
Located in a well-established Midtown location, this Restaurant and Brewery can accommodate many scenarios. There is dining both upstairs and downstairs -- in addition to the pub with a wide array of craft beers to choose from. Building has ample storage areas for dry goods. Plenty of parking, great mountain views.
Growth & Expansion:
New owner could expand the beer distribution opportunities, as systems are already in place to increase production. The kitchen area is configured with the ability to do catering functions. Additionally, building expansion is possible.
Support & Training:
Negotiable – Owner is committed to Buyer’s success.
Reason for Selling:
Family Reasons
Business Website:
http://silverpeakbrewery.com/
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(from currently available funds)
 
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Bradley Bottoset

Business Listed By:
The Liberty Group of Nevada

The Liberty Group of Nevada

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