Description This 11 year old, upscale-casual, full-service, specialty restaurant, with a supper club liquor license, located near the Las Vegas Strip. It has won numerous ''Best of Las Vegas'' awards through the years. It has a 40-seat bar with a supper club business license which allows for gaming up to 5 machines, although it does not currently have any gaming. It also has a liquor catering license which allows the operation to do off-site catering, with liquor. The current mix of sales is 65% food,
32% liquor, and 3 catering. In 2014, this business is generating cash flow equal to 19.2% of sales. With very little marketing, this restaurant generated over $7.5 million. The total seating capacity is over 500. In addition to the main dining area, it has two fully-equipped private rooms. The current lease is for 10 years and has 2 5-year options to renew. The rent is currently approximately 7.3% of sales.
This business is turn-key and over 60 trained, non-union employees in place. There is a very competent management team in place, who know the business and are willing, and able, to continue running the business under the new owners. Obviously, there would be many advantages to having a base of operation in Nevada, where there are no state corporate or personal income taxes. Interested in learning more? For a complete presentation, including a valuation, qualified Buyers should contact Len Krick, Broker, at 702.856.4701 or email.