Dec 28, 2018 — Asking Price Firm. Absentee Seller! This is a wonderful opportunity to own a National Franchise Bar & Restaurant in a top Las Vegas Valley location for a fraction of the cost that would be required for a new start-up. Since 2016, after an exhaustive and expensive 7 month build-out, this beautiful, inviting bar/restaurant has seen sales rise to almost $2M annually with good reviews and happy returning clientele. The space is 5,081 square feet and there is an additional 1,000 square foot patio included. $1.4M in equipment and leasehold improvements. State-of-the-art audio-visual system with multiple screens included for sports entertainment purposes. Fully-staffed and management support in place. Strong advertising and marketing support from the franchise company and the landlord. Excellent social media presence and ratings. Great lease in place. This is an incredible opportunity for either an individual, or an existing corporate franchise buyer. Franchise approval and proof of funds required.
This is a leased location of 6,081 square feet with a Total Rent of $21,632. Lease ends 06/2026 with two 5 year lease options. Seller is not active in the business with 12 FT employees and 14 PT employees. Hours of operation are M-Th: 11 AM-12AM, F-Sat 10AM-1AM, Sun 10AM - 11PM. $750,000 in FF&E included in Asking Price and $25,000 in Inventory. $750,000 made in Leasehold Improvements. Liquor License, Business License and Health Permit Required.