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  • RE:  Off The Strip Bar Restaurant Open For Dinner Only
  • Contact:  George Karas
  • License #: S.0173285
Owner Financing is Available!
18 months @ 6% with $200,000 down payment

Quick Facts

Asking Price: $295,000
Annual Revenue: $520,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 7
BBN Listing #: 991529
Broker Reference #: 101-24271

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Business Overview:

Mediterranean Bar & Restaurant just off the Strip, open for dinner only, offering a fusion of Ethnic Mediterranean and American dishes including specialty pizza. The venue features a beautifully remodeled dining area, a spacious dance floor, and a premium sound system. The fully equipped kitchen includes extended hoods, industrial-grade ovens, and walk-in coolers, providing ample capacity for large-scale production. The current owner, with no prior restaurant experience, encountered unexpected challenges but invested over $500,000 in upgrades to create a stunning dining and entertainment space. According to the seller, this location would be ideal for an experienced restaurateur looking for a high-end kitchen for catering or could easily be converted into a vibrant music venue or upscale Hookah lounge. For a prompt response, contact the listing broker directly by phone or via this ad’s email link!

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Property Features and Assets:

This is a leased location of 4,271 square feet with a Total monthly rent of $10,356. Lease ends 04/2028 with One (1), Five (5) year option. Seller is active with 5 FT and 2 Contract employees. Hours of operation are 5 PM – 1 AM, Fri & Sat; 5 PM – 11 PM, Sun – Thurs; Closed Mondays. $5,000 in inventory and $250,000 in FF&E included in the asking price. $100,000 made in leasehold improvements. Other Assets include Sign, Cameras, Tvs & sound system $40,000. Business, Liquor & Health licenses required.

Reason for Selling:

Moving

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

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