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Vicinity of Las Vegas "Strip"

  • Listing No.: 101-15765

  • Category: Bar/Liquor, Food - Restaurant, Franchise

Asking Price $1,250,000
Down Payment $0
Gross Revenue $1,851,106
Total Adjusted Net Income $0
Equipment/Fixtures $750,000
Year Established 2017
General Location Vicinity of Las Vegas "Strip"
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Locally owned and operated Latin & Mexican Cuisine Restaurant within a few blocks of ''Las Vegas Strip.'' 4000 sq. ft. with 2000 sq. ft. outside patio. Space features towering ceilings, 35-foot-tall floor-to-ceiling windows and a relaxing outdoor patio with gorgeous Strip views. Drawing an enthusiastic mix of tourists and locals alike, the restaurant is an easy stop for anyone coming from the Las Vegas Convention Center or nearby "Las Vegas Strip" resorts. A bustling open kitchen adds action and excitement to the dining room. Currently licensed for beer, wine and liquor. Gaming is available for new operator who qualifies. Seller says, assets of restaurant valued at more than asking price. Net revenue discussed with qualified buyers only. Health issue forces sale.

Gross Revenue $1,851,106 Listed Price $1,250,000
Total Income $0 Down Payment $0
Base Rent $21,000 Square Feet 0
Total Rent $24,000 Lease Expiration 6/2027
Rent Deposit $240,000 Lease Options 2 / 5 year
Inventory $25,000 Leasehold Improvements $600,000
Equipment/ Fixtures $750,000 Other Assets
Full-Time Employees 8 Training Period 30 Days
Part-Time Employees 35 Special License Required Beer, Wine, Liquor - (Gaming available for min. 5 machines on approval)
Contract Staff 0 Reason for Selling Health Issue

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.