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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Bar With Gaming & Entertainment

Location  Nevada,United States
Asking Price Range  < $250K
Gross Revenues  $303322
Net Profit / Cash Flow  $79898
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1961
Number of Employees  6 - 9
Inventory  56000
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  2 weeks @ 35 hours each
Reason for Sale  Other Business Opportunity

Description  
This well-known 24-hour Las Vegas Bar with Gaming is an institution in town (50+ years) and has almost too many accolades to list - Hottest Spot for Karaoke, Las Vegas Bar Hall of Fame, Best Dive Bar, Hottest Doorman, and featured on numerous shows such as A E's Bad Ink, The Travel Channel, StripLV Magazine, FOX News and several movies. Over 4000 Facebook page visits per week and 900+ ''likes''. Best of all, the gaming machines are currently on a space lease, meaning that a new owner can take over this business much sooner than usual instead of having to wait for NV gaming license approval. The financial results indicated are based on the 2012 Profit Loss Report and Tax Return. HOWEVER, the seller reports that fully-verifiable sales are up 32% in 2013 over 2012 and the traditional busiest quarter of the year is just now approaching. Resulting profitability will also increase proportionately per the seller. Currently the seller works only three bartending shifts per week and states that a new, more active owner could increase net income. Additionally, the current owner has completed most of the work on the large kitchen space and states that a new owner could complete the build-out for approximately $12,000. This business will not last so call soon on this exciting opportunity!


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