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Listing No.: 101-20566
Category: Bar/Liquor, Commercial Real Estate, Food - Restaurant
Asking Price | $1,397,500 |
Down Payment | $797,500 |
Gross Revenue | $1,055,978 |
Total Adjusted Net Income | $117,551 |
Equipment / Fixtures | $100,000 |
Year Established | 1962 |
General Location | Las Vegas |
Exciting opportunity to acquire a unique tavern with 15 gaming machines. Originally established in 1962 and fully remodeled in 2014, It remains one of the best country bars in Las Vegas. The owner is selling the real estate and business including all FF&E. Its location combined with good old fashioned off-strip fun, has made this a succesful bar for both locals and tourists. The free-standing building is +/- 8,114 SF and features a large bar, stage, dance floor, full kitchen, bathrooms and plenty of seating for customers. The property is situated on a +/-1.5 acre lot, providing for plenty of parking. The bar features nightly entertainment including gaming, live music, karaoke, dancing, pool, shuffle board and more. Signed NDA & POF required.
Gross Revenue | $1,055,978 | Listed Price | $1,397,500 |
Total Income | $117,551 | Down Payment | $797,500 |
Base Rent | Square Feet | 8114 | |
Total Rent | Lease Expiration | ||
Rent Deposit | Lease Options |
Inventory | $10,000 | Leasehold Improvements | $0 |
Equipment / Fixtures | $100,000 | Other Assets |
Full-Time Employees | 6 | Training Period | 10 Week Days |
Part-Time Employees | 4 | Special License Required | Tavern Liquor License (Transferrable) & Gaming License |
Contract Staff | 1 | Reason for Selling | Retirement |
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.