Las Vegas Restaurants For Sale
Italian Restaurant For Sale: Established Deli/Restaurant - Great Facility, Low Cost, Owner will Carry
The business has operated profitably for 13 years under the original owners. It was acquired by the current owners in July 2006. Income tax records indicate that annualized gross sales for 2006 were $326,000 and $315,000 in 2007.
The management partnership eroded during 2008 and the investor in the business assumed control in October 2008. The financial records are incomplete and the seller will discuss these records with interested buyers.
This is a rare financial opportunity. The already bargain price includes all inventory at closing, which the seller estimates at approximately $20,000. In addition, the seller has a strong belief that the business will operate profitability under new management and has demonstrated this by offering to carry-back a loan for a qualified buyer.
This is a turnkey opportunity, and little effort will be required for a new owner to take over.
Lease
Operations
Sat 10AM - 6PM
Facilities
Highlights
- Seller will carry for qualified buyer
- Significantly disounted purchase price
- Long history of profitability
- Over $300,000 in gross sales
- Approximately $20,000 inventory included
- Base rent $2.02 per sf
- Approximately 2989 sf
- Strong upside potential - for example, add beer & wine, add Sunday hours
- Large amount of like new equipment
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 47,848 | 125,379 | 377,365 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 22,026 | 50,900 | 150,917 |
| 2010 Persons Per Household | 2.28 | 2.43 | 2.44 |
| Median House Value | $103,600 | $140,364 | $155,431 |
| Income Per Household | $37,223 | $39,106 | $44,712 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,413 | 6,752 | 15,797 |
| 2012 Number Of Employees | 58,062 | 245,284 | 790,158 |
| 2012 Total Annual Payroll | $1,031,135,000 | $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.