Silver Peak Restaurant & Brewery w/Real Property

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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

Category:
NV2644 - Food and Beverage

Location:
Nevada - Reno

Silver Peak Restaurant & Brewery w/Real Property

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- including the real estate - 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. Situated on 4 parcels, the original building dates back to the early 1900s, and was brought up to code in 1999 when the brewery was added and the entire building remodeled. The facility has an excellent layout for accommodating parties from 20 – 200, and there is ample storage and prep space to prepare for banquets and caterings. The 2nd floor deck has amazing views, seats upwards of 100 people and is outfitted with a full bar and waiters’ service station. 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). There are 49 parking spaces on site, with much additional street parking adjacent and close by. This restaurant -- as well as the real estate -- is located within a federally designated Qualified Opportunity Zone (QOZ), which may offer preferential tax treatment for eligible purchasers, and provide additional opportunities for those looking to reinvest. 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: $2,250,000


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:
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:

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.