Turn Key Mediterranean Restaurant For Sale PRICE FIRM NDA Required

Las Vegas, NV (Clark County)

Seller Financing Available
Turn Key Mediterranean Restaurant For Sale PRICE FIRM NDA Required
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Asking Price: $980,000

Cash Flow: N/A

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $80,000

Inventory: $1,500*

Rent: $2.25 /Month

Established: 2017

*not included in asking price.

Turn Key Mediterranean Restaurant For Sale PRICE FIRM NDA Required

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Business Description

Turn Key Mediterranean Restaurant located in the NW area of the Valley by Master Plan Community Summerlin. NOTE: PRICE IS FIRM. Fully Equipped Kitchen and Dining area. Walk in Refrigerator and Walk in Freezer, Reach In Double Door Refrigerator, Refrigeration Pantry and prep cutting board, Refrigerated Deli Display Case, Two 3 Compartment sinks, numerous required hand sinks, Multiple Stainless Steel preparation and working tables, Shelving and Racks, Mixer, 14 foot Hood with Ansel System, Broiler, Grill, Rotisserie, Double Deep Fat fryer, Steam table and work counter, Point of sale system, Booths, tables and chairs, Artwork and decorations.
The Business name and Signage is included.
Seller agrees to a Not To Compete Agreement.
The Owner is Offering Financing with Qualifying by way of Buyers experience and financial qualifications. The Down payment will be 50% down and financing term shall be negotiated based on the length of time of the note. Owner si willing to stay and train for a couple of weeks, if needed.
The Owner has had involvement in Mediterranean Restaurants in Las Vegas for over 20 years with numerous outstanding awards and recognition of his restaurants.
Due to Medical reasons the Owner must sell the business as soon as feasible. Please bring all reasonable Offers.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,570
Lease Expiration:
4/28/2023
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Turn Key Mediterranean Restaurant, Fully Equipped Kitchen and Dining area. Walk in Refrigerator and Walk in Freezer, Reach In Double Door Refrigerator, Refrigeration Pantry and prep cutting board, Refrigerated Deli Display Case, Multiple Stainless Steel preparation and working tables, Shelving and Racks, Mixer, 14 foot Hood with Ansel System, 3 Compartment sinks, Broiler, Grill, Rotisserie, Deep Fat fryer, Steam table and work counter, Point of sale system, Booths, tables and chairs, Artwork and decorations. Signage and Business name included. Cam fee is 45 cents.
Competition:
There is no competition as there is not any Mediterranean restaurants within miles.
Growth & Expansion:
Business has been open for less than a year and revenues are averaging $1000 daily and increasing. The Owner doe not do any marketing other than Restaurant signage and word of mouth. They are not doing any social media, yellow pages, flyers or any marketing of the business. The potential to increase revenues is wide open to a motivated entrepreneur.
Financing:
Owner will consider carrying financing to the qualified Buyer.
Support & Training:
Negotiable. 2 weeks if needed.
Reason for Selling:
Medical Health concerns.
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Contact the Seller

(from currently available funds)
 
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Michael Sumiyoshi

Business Listed By:
Michael Sumiyoshi

Ohana Realty Group

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