Business for Sale Overview:
Highly motivated Seller offering turnkey operation! Magnificent upscale fine dining establishment with separate off-site high capacity (over 1,000+ meals) catering facility! Restaurant has banquet room with seating for 40-50 and the main dining room seats 60-100. Nice balance of local repeat customers and tourist traffic from around the world! A very established marketplace for the new owner as the business consistently grossed between $4-5mil annually with over $1mil in beer/wine/liquor sales! The average lunch ticket was approx. $30-32 and dinner $65-75. Prime west side location caters to affluent local crowds and businesses, but is only minutes from the Strip for significant tourist traffic. Increase sales by promoting catering to small and mid sized businesses and booking more events! Seller suggests that using a marketing representative would vastly increase the business. Possible addition of five slots (variance required) could increase income even more, as per Seller. Perfect website material! At the listed price, Seller will include detail items in the sale. Paintings/artwork are not included with the sale. Assets do not include customer list, current business name, website, phone numbers, and food & liquor inventory. The lease for the catering facility renews annually and has recently reduced the rent! When this one is gone, it's gone! These types of businesses are rare in number and not frequently for sale. Call NOW to take advantage of this tremendous opportunity! Lunch is served on Fridays only. The rent for the catering space has recently been reduced (12/09) on the one year lease. Gross sales and total income are estimated for 2010.
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:
Leased Location is 6,720 square feet with a total rent $17,000. The Seller is active in the business. There is $150,000 in Leasehold improvements, $20,000 in Inventory & Fixtures and Equipment $250,00. The hours are 11:30-2:30 / 5:30-12 Mon-Sun.
Reason for Selling:
Pursue Other Interests
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.