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Carson City, Nevada

Ad ID: 1476599
Type: Established business
Category: Retail – Other Eating & Drinking Places

Asking: $1,200,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $150,180

Gross: $1,864,140
Cash Flow: Not Disclosed

Summary Description
One of Northern Nevada’s premiere fine dining restaurants, Adele’s averages $1.8MM+ a year in gross sales, this charming establishment has been a local’s favorite for almost 60 years and is an integral part of the community. In fact, it was just honored as being one of the Nevada’s most beautiful Restaurants (9th place). ^U^U The building itself is very special — it was built in 1864! Situated on the main street in historic downtown Carson City, Nevada, for the past 40 years, it has been known as Adele’s Restaurant and Lounge. Previous to that it was a popular bar and antique store called The Music Box. Its great location has helped position itself as a go-to place for all occasions for all people. From formal to casual, romantic to business, locals and travelers alike love this facility. FOR THE RIGHT BUYER – THE SELLER WOULD CONSIDER SELLING THE NAME AND RECIPES. Tesla, Switch, Apple, Rackspace are among many businesses big and small that are choosing to call Northern Nevada home due to tax and business-friendly policies, a skilled workforce, and a high quality of life. Additionally, Northern Nevada offers excellent shopping and dining options, a robust nightlife, high-performance schools–including a Tier 1 university with over 20,000 students–and is just half an hour from beautiful Lake Tahoe. This Asset Sale must be sold with the Real Property.

General Information
Year Established: 1984
Employees: 19
Facilities: This beautiful two-story Victorian building offers: a 4,490 +/- square foot full service restaurant licensed to seat 148 (interior restaurant seats 82, bar/lounge area seats 34, outside veranda seats 32); a kitchen complete with a well maintained and great work triangle capable of producing $1,400,000 in Annual Food Sales; $142,680 in furniture, fixtures and equipment; ADA Restrooms; two fireplaces; built-in cabinets and wine racks; 990+/- square feet of storage upstairs; and a private parking lot with 11 spaces. A veranda was also added to expand the space and offer al fresco dining. The result is an inviting, elegant establishment that honors the structure’s original era as well as the modern community in which it resides.

About the Sale
Reason Selling: Owner is retiring

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