FOR SALE: Silver Peak Restaurant and Brewery

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Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 327-2700
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
NV10079 - Unspecified

Location:
Unknown - Unknown

FOR SALE: Silver Peak Restaurant and Brewery

Business Description:

Silver Peak Restaurant and Brewery (one of the longest standing breweries in Northern Nevada) is a great opportunity to own a proven restaurant and microbrewery in the booming Midtown District. Operation is turnkey with management in place. Restaurant has had a Gross Sales Average of $1,500,000 for the past five years. Strong clientele have kept this operation busy, and the competitive pricing and quality food and beer offerings have made this a locals’ favorite for over 20 years. This is an ideal time to get into the booming craft/microbrew sector, as craft beers are more popular than ever. In addition to serving customers delicious beers in house, systems are in place to produce microbrews for wholesale distribution. 10 barrel direct fired brew house with the capacity to brew 6,000 kegs per year (110 barrels of fermentation capacity). Business includes $30,000 of inventory (exclusive of beer and beer products). This well-established restaurant in Midtown has an excellent layout for large party functions, and the restaurant is configured to do catering. The 2nd floor deck has amazing views, seats upwards of 100 people, and is outfitted with a full bar and waiters’ service station. Licensing allows for live music. There are 49 parking spaces on site, with much additional street parking adjacent and close by. This brewery and restaurant are located within a Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers. Base lease of $9,960, which is $1.95 per sf on the 5,108 above ground leaseable square footage. CAM charges estimated at $0.25 per sf. Not charged for in lease are approximately 1,700 sf of usable basement space (storage, etc) under the kitchen and brewery areas. Also not charged for in lease is the spectacular 1,200 sf (+/-) 2nd story deck, complete with full bar and service station area. Seller is prepared to enter into a Lease Option. 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 #3 Most Business-Friendly Tax Climate. Please note that this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information have been submitted.


Asking Price: $395,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

Financial Data Not Available

Operations

# of Employees Full Time Part Time
Non-Owners 0 0
Owners 0 0

Hours of Operation

Licenses Required:

Lease

Monthly Rent Including NNN:
$0

Expires:

Option:
No

Size(sq.ft.):
0

Miscellaneous

Type of Organization:
-

Reason for Sale:
retirement

Training:
0 weeks hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 327-2700
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.