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Semi-Absentee Profitable Local Bar

Reno, NV, USA
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Businesses For Sale | Bars, Pubs, & Taverns For Sale

Listing ID : 426890

Posted on January 12, 2024 View Count 6

Price :
$350,000
Business Financials & Assets :
Gross Revenue:
$735,875
Cash Flow:
$243,961
Year Established:
1991
Inventory Included:
Yes
Estimated Value of Inventory:
$14,000
Property Details :
Business Details :
Number of Employees:
7
Real Estate:
Leased
Rent:
$5,939
Lease Expiration:
4/4/2026
Building Size:
3,000 Sq. Ft.
Facility & Tenant Improvements:
Leased, January-Dec 2022 ($4,320 + $1,511 CAM); 2023 ($4,428+CAM); 2024 ($4,538 + CAM; 2025 ($4,674+CAM); 2026 ($4,838 + CAM)
Competition:
Business has very loyal gamers (slot play)
Growth and Expansion Opportunities:
The area is rapidly growing – lots of opportunities to appeal to the new people moving here. New owners could create a bona fide website as well as create a media presence to get more customers. This is the perfect local neighborhood bar – locals are loyal and out-of-towners are often repeat visitors. There is kitchen space potential with existing grease traps, but not currently being used.
Terms :
NDA Required:
Yes
Financing:
$167,000 down payment @ 6.5% interest payable over 5 years.
Support & Training Offered:
Negotiable
Reason for Selling:
Retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Popular local bar with gaming and pool tables is available for sale. Owners currently work minimal hours daily. Owners are retiring and there is a lot of potential for a new owner. The area is growing rapidly, with a mix of new construction apartments and single-family housing. There is little competition in the immediate area. There is plenty of potential to grow this business by being open additional hours.

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 #7 Most Business-Friendly Tax Climate.

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The Liberty Group of Nevada
License:BUSB.0007094.B

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