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Listing #5235

Iconic Restaurant & Bar W/Real Estate On Main Hwy to Vegas

Price: $1,400,000
Down Pmt: $400,000
Iconic Restaurant & Bar W/Real Estate On Main Hwy to Vegas

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A rare "on the highway" restaurant, bar and retail business for sale with real estate.  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. 

BAR SALES

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.

RETAIL SALES

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%.

RESTAURANT SALES

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.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000
   
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Sign NDA

General Information
Listing Status: In Escrow
Price: $1,400,000
Down Payment: $400,000
Location: Las Vegas Metro
Lake Havasu/Colorado River
Flagstaff
Liquor License: #12
Indoor Seating: 155
Outdoor Seating: 100
Number of Parking Spots: 75
# of Part-Time Employees: 10
# of Full-Time Employees: 10
Hours Open: Breakfast, Lunch Dinner...Closed at 8pm
Year Established: 1984
Inside Sq. Ft.: 6100
Outside Sq. Ft.: 3000
Hood System Type 1: Yes
Hood System Type 2: Yes


Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.



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