Iconic Downtown Restaurant

Contact us About this Listing

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

What time is it on the clock?


Call Us:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
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) 538-7738
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
NV2643 - Food and Beverage

Location:
Nevada - Reno

Iconic Downtown Restaurant

Business Description:

Great opportunity to own a turnkey, proven restaurant with management in place. Restaurant has had a Gross Sales Average of $2,000,000 for the past five years. This well-established restaurant has a very desirable corner location with high visibility and traffic, for both vehicles and pedestrians. A wraparound patio that seats 90+ guests offers the best people watching in town, and the interior design is open, spacious, and can accommodate large groups easily. Located in the ground floor of the city’s busiest parking garage, this operation is popular with locals and tourists alike. Very favorable lease rate with Options. This restaurant is located within a Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers. 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: $500,000


Real Property Available:
No

Save/Print (PDF)

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:
Family Reasons

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:

Brea: (714) 987-6147
Eugene: 541-251-7700
Fresno: (800) 622-0192
Gardena: (714) 987-6147
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) 538-7738
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.