Las Vegas Restaurants For Sale
Great Opportunity - Profitable Neighborhood Mini Market Near the Strip
The current monthly sales exceed $25,000. The low monthly rent of $1,800 (with no CAM) is further reduced by $800 generated from space-lease arrangements with a slot machine company, and a pay phone company. Please note that a gambling license is not required for this arrangement. The initial term of the lease expires May 30, 2013, plus a 5 year option.
The store is located approximately 0.6 miles east of the Las Vegas strip in an urban area that has a strong walk-in base of customers from the local neighborhood. With 1300 square feet, the store sells groceries, soft drink, beer and wine, dairy, cigarettes, cigars, and even exchanges propane tanks. Services are also provided for check cashing, money gram, money order, and food stamp redemption. Average inventory is approximately $40,000 and is an addition to the price of the store.
This is a United Business Brokers of Nevada, Inc. listing. Take the next step and select one of the orange buttons below to get the name and address and to see additional pictures.
Lease
Operations
Sat & Sun -- 8:00AM - 9:30PM
Facilities
Highlights
- Annualized cash flow of $89,259
- Selling price multiple of only 1.4 times cash flow
- Current monthly sales exceed $25,000
- $800 added income from slots and pay phone
- Rent of $1800 (with no CAM)
- Lease expires May 30, 2013, + 5 year option
- 1300 square feet
- Average inventory is approximately $40,000
- Near the strip
- Turnkey operation
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 30,317 | 115,770 | 437,244 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 14,421 | 48,395 | 169,459 |
| 2010 Persons Per Household | 2.15 | 2.37 | 2.54 |
| Median House Value | $130,107 | $132,795 | $118,800 |
| Income Per Household | $33,862 | $33,747 | $36,923 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 3,190 | 7,452 | 17,896 |
| 2012 Number Of Employees | 323,220 | 526,948 | 884,810 |
| 2012 Total Annual Payroll | $4,294,967,295 | $4,294,967,295 | $4,294,967,295 |
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Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.