SW Rainbow/215 Fast Casual Asian Fusion Restaurant for Sale!

Las Vegas, NV (Clark County)

Building Exterior
Contact Seller

Asking Price: $125,000

Cash Flow: N/A

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Real Estate: N/A

Established: 2018

*not included in asking price.

SW Rainbow/215 Fast Casual Asian Fusion Restaurant for Sale!

Save Print Share Valuation Report

Business Description

3060 Sq-ft Restaurant with Rainbow frontage in the SW(Rainbow/215)

Turnkey restaurant currently operating located in SW corridor 215/Rainbow in the fastest growing area in Las Vegas. New developments in construction all down Rainbow and conveniently located in the Raiders vicinity. Currently seats 50 (96 capacity) and room for 12 additional patio seats. Extra large kitchen fully equipped with over $300k build out with no expense spared in the build out including all NEW plumbing, electrical, roof, (3) AC units, (2) Makeup air units, (4) Hoods, (2) Walk-in Cooler Units. Starting a restaurant from the ground up means build-outs, permits, equipment, kitchenware, and overwhelming costs associated with any restaurant start-up & at this price it won't last long in this location!

Restaurant boasts a great reputation and highly ranked reviews on Yelp, Google, Facebook, Etc. It is filled with unique, one-of-a-kind custom décor, metal work, urban flooring, murals, graffiti, Shepard Fairey inspired posters and modern furnishings. Buyers can take over the current concept of the restaurant or easily convert to other styles such as Sushi restaurant, Korean BBQ, Taqueria, or run it quick serve similar to Chipotle, Subway, Pizza Rev, Sushi Burritos, Poke Bowls, or even turn it into a buffet or salad bar (sale will include buffet sneeze guards and tray railing.)

The space will be a triple net(NNN) leased location 3060 sqft with base monthly rent of $2.95 per sqft $.38 plus cams per month. We will offer free rent concessions of one month free per year of lease signed. The location includes ample parking, bright led parking lot lighting, and building mood lighting along with a shared use storage container in the back. The terms and length of the lease and the entire transaction can be negotiated because the seller also owns the building and business next door which makes it easier not having to deal with property management companies.

Detailed Information

Location:
Las Vegas, NV
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
3,060
Employees:
12
Facilities:
Fixtures include (4) large Ansul hoods, (3) hvac units, (2) swamp coolers, 72" grill, Over-sized ice machine, walk-in freezer and cooler, excess wall shelving, and beautiful stainless and ceramic tile walls (almost all new in 2018,) (6) LG TV menu boards, and 2 dining room TV's, and much more. Equipment includes items such as (9) TRUE Refrigerated coolers, full cook line (stove, grill, fryer, griddle, char-broiler, etc) exceedingly overstocked kitchenware, multiple appliances, and tons of stainless steel work tables with over-shelves and much more.
Competition:
Located right off a busy corridor of Rainbow & Russell that experiences approx 60,000 cars daily. Plenty of businesses nearby that hold a wealth of marketing opportunities including one of the valley’s largest hospitals across the street & close proximity to the Raiders stadium set to open in 2020. Multiple construction projects in progress on Rainbow north of 215 beltway including In-N-Out Burger, Dutch Bros Coffee, & Freddy's Steakburgers across the street from the restaurant. Be a part of one of the fastest growing areas in the city!
Growth & Expansion:
Open 6 days a week with over $600k gross revenue the first year . Sales expected to reach over $700k in 2nd year. The establishment is currently operating and is ready for a marketing savvy owner to take it to the next level, built out with the idea to Franchise in the future.
Support & Training:
We will offer two weeks of training along with all vendor list, recipes, handbooks and all marketing tools and media available. Manager and staff are available depending on buyers decision.
Reason for Selling:
The owners would like to focus on other business ventures.
Business Website:
http://www.stirfryrepublic.com
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Jon Conrado

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1657050 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


TCBY

Franchise Opportunity
Cash Required: $190,000