Prime Restaurant Space For Sale

Washoe County, NV

Prime Restaurant Space For Sale
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Asking Price: $200,000

Cash Flow: $55,768

Gross Revenue: $772,806

EBITDA: N/A

FF&E: N/A

Inventory: $15,000

Established: 2010

Prime Restaurant Space For Sale

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Business Description

Buy a space, and create your future – and be part of an up-and-coming mixed-use urban area. Located in a central part of Reno, this business is nestled in an historic neighborhood, and is a rich part of Reno’s legacy. The area is brimming with new construction and aesthetic improvements. Don’t miss your chance to turn this space into your own creation, and reap the benefits of being in an area that is being revitalized. The business space is located within a Qualified Opportunity Zone, 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 as the #3 Most Business-Friendly Tax Climate.

Detailed Information

Location:
Washoe County, NV
Inventory:
Included in asking price
Employees:
18
Facilities:
Located in a prime area where new construction is at an all-time high.
Competition:
Current owners have a lease at a locked-in rate for three more years – and two five-year options after the lease expires! This is key, at a time when construction projects in the area are moving forward quickly, and the costs of buying in this area are already on the rise. Being in this spot, now, in historic Reno, gives new owners a solid foundation on which to create their own restaurant/bar.
Growth & Expansion:
The opportunities are seemingly endless, as the timing is exquisite to have a business space in this area right now. Close to the Truckee River and all the shops – with more commercial and residential construction breaking ground almost daily – the potential for garnering customers is high. The historic location has always intrigued the locals, and a new Buyer can continue that trend by being invested in the neighborhood and all its improvements.
Support & Training:
30 Days
Reason for Selling:
Business model has changed.
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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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