Go Visit This Restaurant By Selecting "Sign NDA."
A rare "on the highway" restaurant, bar and retail business, RV Park w/20 Hookups, a Mobile Home and narly . Located on a major highway to Las Vegas, this restaurant, bar and retail store has a 4.5 star review on Facebook and Tripadvisor with more than 600 reviews. The food is fantastic as is the service, the location is stunning and one can't miss it from the road. It is easily accessible from both sides of the highway with a huge billboard sign a mile from the restaurant.
The restaurant building was recently renovated with much of the equipment new. The kitchen is clean and spotless as is the dining room. The bar area has room for live entertainment both inside and out side. Pizza was recently added and is adding growth to the business.
This iconic restaurant has been in business for decades and is a favorite spot for travelers to and from Las Vegas and the Grand Canyon and it is located less than an hour from Las Vegas an the western rim of the Grand Canyon.
There are approximately 6,000 Sq. Ft. of interior dining, retail and bar in addition to a very large outside patio. There is so much more that can be done to this business with the right owner. For example, live music on the large outside patio would kill it if you know how to promote the concerts. Or place a meat smoker on the side of the road and start doing BBQ to attract more customers. This location can become a multi-million business with the right creative owners.
There was a business interruption during 2017 causing the business to close for 5 months of the year. Restaurant, bar and retail revenues were about $915,000 reported with free cash flow of approximately $120,000 in 2016. But there is plenty of room for improvement with bar costs at 78%, food costs at 57% with Labor costs of 13%.
The revenues sources are from the restaurant, lottery, bar and retail souvenir.
SELLER CARRY: The Seller will be the bank with 50% down because he believes in the viability of the business.This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
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