Silver Peak Restaurant and Brewery (one of the longest standing breweries in Northern Nevada) is a great opportunity to own a proven restaurant and microbrewery- including the real estate - in the booming Midtown District. Operation is turnkey with management in place. The restaurant has had a Gross Sales Average of $1,500,000 for the past five years. The strong clientele has kept this operation busy, and the competitive pricing and quality food and beer offerings have made this a locals’ favorite for over 20 years. Situated on 4 parcels, the original building dates back to the early 1900s and was brought up to code in 1999 when the brewery was added and the entire building remodeled. The facility has an excellent layout for accommodating parties from 20 – 200, and there are ample storage and prep space to prepare for banquets and caterings. The 2nd-floor deck has amazing views, seats upwards of 100 people, and is outfitted with a full bar and waiters’ service station. 10 barrel direct-fired brewhouse with the capacity to brew 6,000 kegs per year (110 barrels of fermentation capacity). The business includes $30,000 of inventory (exclusive of beer and beer products). There are 49 parking spaces on-site, with many additional street parking adjacents and close by. This restaurant -- as well as the real estate -- is located within a federally designated Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers, and provide additional opportunities for those looking to reinvest.
Locally, the Reno, Sparks, and Carson City area has a small-town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half-hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate.
Please note that this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information have been submitted. NV10188
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.