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- RE: Off The Strip Bar Restaurant Open For Dinner Only
- Contact: George Karas
- License #: S.0173285
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 |
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:
MovingAdditional 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
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