Business for Sale Overview:
This business opportunity is a very profitable top Ethiopian restaurant with a Four Star rating. Operated by family members. Seats 80. Full liquor license. Very well equipped. The seller advises that the value of the fixtures & equipment is $160,500. It is located in a densely populated area of Las Vegas just off of the “Strip”. It is a local favorite and enjoys a great rapport with many of the hotels/casino personnel, as well as the local cab and limo drivers. This property boasts of a great location as well as a excellent lease. Included in the offering is an Ethiopian Market stocking many authentic Ethiopian items for the locals, together with a Billiard parlor containing slate tables. The seller will provide financial information to serious qualified buyer. Owners have two middle school age children and want to spend more time with their family. All written offers will be considered.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located on a major thoroughfare in a densely populated area of Las Vegas close to the strip. The lease space is 4,700 sq. ft., the rent is $7,000 a month, the lease expires in 2014 with renewal options. Hrs: 11AM-2AM.
Market Competition and Expansion:
The owners have not pursued an extensive advertising campaign, and just relied on word of mouth at this point. A new owner could easily expand this operation with some innovative advertising.
Reason for Selling:
To spend time with family.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.